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Page added on October 4, 2013
Ecuador’s Congress OKs Oil Drilling in Amazon Rainforest
Lawmakers in Ecuador on Thursday authorized the extraction of oil from Yasuni National Park, a pristine Amazon reserve.
After a 10-hour debate, a loyalist congress approved President Rafael Correa’s plan by a 108 to 25 margin, with four legislators absent.
Correa in August announced that he was abandoning a unique plan to persuade rich countries to pay Ecuador not to drill in the Yasuni, saying wealthy nations had failed to pledge enough money.
Environmentalists had hailed the initiative when it was announced in 2007, saying Correa was setting a precedent in the fight against global warming by lowering the high cost to poor countries of preserving the environment.
Correa had sought $3.6 billion in contributions to maintain a moratorium on Yasuni drilling. But he said Ecuador managed to raise just $13 million.
It’s unclear when drilling would begin.
2 Comments on "Ecuador’s Congress OKs Oil Drilling in Amazon Rainforest"
J-Gav on Fri, 4th Oct 2013 4:00 pm
Yeah, that’s quite a gap between 3.6 billion and 13 million ain’t it? It was an interesting gambit on Correa’s part but I guess not very realistic …
BillT on Sat, 5th Oct 2013 12:46 am
$13 million form the average Ecuadorian vs billions to the government from the oil cartel. Who would have guessed?
Perhaps the headhunters will take up their sport again? We can only hope.