The document summarizes plans for oil exploitation in ecologically sensitive areas in Colombia and Venezuela. It discusses how the Colombian environmental agency approved permits for a US oil company to drill 150 wells near Caño Cristales river, despite opposition from local leaders who say it will damage the ecosystem. It also outlines meetings between Venezuelan and Russian officials to discuss exploiting oil fields in Venezuela with funding from Russian banks. Ecuador is also mentioned as hiring a Chinese consortium to explore for oil in two blocks in its southern Amazon region.