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Ecuador Drops Plan to Ban Drilling in Jungle

2013-08-16 23:53:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Six years ago, President Rafael Correa of Ecuador offered the world what he considered an enticing deal: donate $3.6 billion to a trust fund intended to protect nearly 4,000 square miles of the Amazon jungle and his country would refrain from oil drilling in the rain forest. The plan won applause from environmentalists, and international luminaries like Bo Derek and Leonardo DiCaprio opened their wallets. The plan was backed by the United Nations, but governments generally balked at contributing,...

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