Lets free oil Social payment for non-extraction of oil

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Fierro L.G
Fierro L.G
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Carrazco Iván
Carrazco Iván

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GJHSS Volume 22 Issue F4

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In 2007, Ecuador asked the States to take collective action to compensate for the non-oil extraction, without success. However, the Yasuní-ITT Initiative shows that small citizen donations were, in magnitude, more relevant than state contributions. In 2021, we propose that social payment for non-oil extraction could be considered a collective action that may “embed” society in collective decisions about toxic productions. How can social payment decommodify oil, free it from its commodity fiction? By using money, as a social payment, society manifests the desire to “liberate” oil from its logic of the market and to establish a relationship based on its use-values for the welfare of present and future generations. Thus, the social payment for not extracting oil is a collective action that allows the (de)commodification of oil and generates opportunities for new relationship between the society and oil in countries rich in biodiversity but dependent on extractivism.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Not applicable for this article.

Fierro L.G. 2026. \u201cLets free oil Social payment for non-extraction of oil\u201d. Global Journal of Human-Social Science - F: Political Science GJHSS-F Volume 22 (GJHSS Volume 22 Issue F4): .

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High-impact academic journal on social payments in oil industry.
Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-F Classification: DDC Code: 976.6004975254 LCC Code: E99.O8
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v1.2

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June 21, 2022

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English

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In 2007, Ecuador asked the States to take collective action to compensate for the non-oil extraction, without success. However, the Yasuní-ITT Initiative shows that small citizen donations were, in magnitude, more relevant than state contributions. In 2021, we propose that social payment for non-oil extraction could be considered a collective action that may “embed” society in collective decisions about toxic productions. How can social payment decommodify oil, free it from its commodity fiction? By using money, as a social payment, society manifests the desire to “liberate” oil from its logic of the market and to establish a relationship based on its use-values for the welfare of present and future generations. Thus, the social payment for not extracting oil is a collective action that allows the (de)commodification of oil and generates opportunities for new relationship between the society and oil in countries rich in biodiversity but dependent on extractivism.

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Lets free oil Social payment for non-extraction of oil

Fierro L.G
Fierro L.G
Carrazco Iván
Carrazco Iván

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