US Government Worked To Scuttle Haiti Gas Development Deal On Behalf Of Big Oil

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Haiti was negotiating an oil and development deal with Venezuela and Cuba between 2006-2007.

Haiti would join the Venezuelan-led oil alliance known as PetroCaribe and it would purchase oil “only 60 percent up front with the remainder payable over twenty-five years at 1 percent interest” — a remarkably good deal for the Western hemisphere’s poorest country.

The U.S. embassy at the time noted that Haiti would save a hundred million U.S. dollars a year under the terms of the PetroCaribe deal; the saved dollars would then be earmarked for development in schools, health care, and infrastructure.

Yet, under the charge of ambassador Janet Sanderson, the embassy immediately set out to sabotage the deal.

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