Concerns mount as Venezuela closes in on petro, an oil-backed cryptocurrency
https://www.cnbc.com/2018/01/08/concerns-mount-as-venezuela-closes-in-on-petro-an-oil-backed-cryptocurrency.html
Venezuelan President Nicolas Maduro says each petro will be worth the equivalent of one barrel of oil, and he has specifically designated the oil from field one of the Ayacucho block in the Orinoco region of Venezuela, which contains more than 5 billion barrels.
The government's explicit desire to evade sanctions bothers those who want to legitimize blockchain.
Ultimately, Satten says what Venezuela is trying to achieve isn't a cryptocurrency, but "a digitized barter system that sidesteps the global financial system
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"Rafael Ramirez, the former head of the PDVSA state oil company, is wanted on suspicion of money laundering and embezzlement, Attorney General Tarek William Saab said.
https://www.washingtonpost.com/world/the_americas/venezuela-prosecutor-orders-arrest-of-former-state-oil-chief/2018/01/25/da178b72-021a-11e8-86b9-8908743c79dd_story.html?utm_term=.dcae57291689
Ramirez’s associates have been a target of the Saab-led crackdown on corruption at the troubled PDVSA that began late last year. Dozens of officials have been arrested, including two former oil ministers and Ramirez’s cousin, Diego Salazar.
Salazar is jailed on suspicion of helping siphon off $1.6 billion to banks in the European principality of Andorra.
Ramirez, who ran PDVSA for more than a decade, resigned from his three-year U.N. post in early December on orders from Maduro. Both were close to the late President Hugo Chavez,"
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Citgo is a U.S. company with a more than 100-year history that was acquired by Venezuela's state-run oil company nearly 30 years ago.
Citgo now acts as the U.S. refining and gasoline marketing arm of Venezuela.
https://www.chron.com/business/energy/article/Citgo-says-it-will-keep-its-headquarters-in-12498764.php
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Sarayaku also has an initiative, known as Kawsak Sacha,
or ‘Living Forest’, to protect their territory and resources
based on their traditional wisdom and worldview.
This groundbreaking concept that redefines what is currently
understood as a ‘forest’, bridging biological function with
unique indigenous cosmovision of the relationship between
ecosystem and the humans who inhabit it. Kawsak
Sacha recognizes that the forest is made up entirely of
living beings and the communicative relations they have
with each other.
Efforts are under way to obtain international
recognition for Sarayaku’s ‘living forest’ as a sacred
natural area free from extraction before the IUCN, U.N.
Convention on Biological Diversity among others.
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