Environment News Service: Ecuador`s President Rafael Correa has approved oil drilling in Yasuni National Park, signaling the collapse of an innovative trust fund that would have conserved this biodiversity treasure trove.
President Rafael Correa announces that Ecuador will abandon the Yasuni-ITT initiative, August 15, 2013 (Framegrab from video courtesy Office of the President)
In a nationwide address on radio and television Thursday night, President Correa explained that the Yasuni-ITT Initiative, introduced six years...