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The new assembly convenes on 5 January. Now there is a new law relating to universities as well. Enacted in , LOCTI provided a boost to science funding in Venezuela by requiring larger companies to plough money into research — which could be done either in-house, or at a university or research institute chosen by the company. Although LOCTI funds did not always reach the best public labs, some companies "gave generously to university projects with very good results", says Jaime Requena, a former president of the Institute for Advanced Studies in Caracas, who was dismissed in after criticizing the government.
But "the new version forces all private enterprises to surrender their LOCTI contribution to an office within the Ministry of Science and Technology", he says. The amendments also narrow the fields of enquiry that can receive LOCTI funds to just four categories — climate change, energy innovation, building materials and urban development — and enable almost anyone to carry out the research, regardless of their qualifications.
The changes were approved without consultation with the research community. Other legal changes mean that university budgets will now be controlled by 'communal councils' made up of local citizens, which will also elect university vice-chancellors. A new telecommunications bill mandates Internet providers to censor web pages according to government guidelines, potentially restricting scientists' access to information. Office of the President of Venezuela.
Reprints and Permissions. Petherick, A. Nature , 11 Download citation. Published : 04 January Issue Date : 06 January By submitting a comment you agree to abide by our Terms and Community Guidelines. If you find something abusive or that does not comply with our terms or guidelines please flag it as inappropriate.
Advanced search. Skip to main content. Register your interest. Subjects Economics Government Policy. A string of new laws and a presidential power grab unsettle researchers in Venezuela.
Download PDF. Authors Anna Petherick View author publications. You can also search for this author in PubMed Google Scholar. Rights and permissions Reprints and Permissions. About this article Cite this article Petherick, A. Comments By submitting a comment you agree to abide by our Terms and Community Guidelines.
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Chávez squeezes scientific freedom
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Venezuela's way ahead
The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: a the name of each investee and percentage of ownership of common stock, b accounting policies for investments in common stock, c difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, d the total fair value of each identified investment for which a market value is available, e summarized information as to assets, liabilities, and results of operations of the investees for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method , and f material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include a the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and b the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Note 8 — Investment in Equity Affiliates. Petrodelta is governed by its own charter and bylaws and operates a portfolio of properties in eastern Venezuela including large proven oil fields as well as properties with substantial opportunities for both development and exploration. PDVSA and its affiliates have reported shortfalls in meeting their cash requirements for operations and planned capital expenditures, and PDVSA has fallen behind in certain of its payment obligations to its contractors, including contractors engaged by PDVSA to provide services to Petrodelta.