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Ecuador's President Abandons No-Drilling Plan, Approves Oil Exploration In Amazon

2013-08-16 08:25:00| Climate Ark Climate Change & Global Warming Newsfeed

Fox: President Rafael Correa has given the all clear for rich countries to begin drilling for oil in Ecuador's Amazon rainforest on Thursday, abandoning an ambitious 2007 plan he proposed to stop oil exploration in a pristine preserve. Correa had sought $3.6 billion in contributions to maintain a moratorium on drilling in the remote Yasuni National Park, which was declared a biosphere reserve by the United Nations in 1989 and is home to two Indian tribes living in voluntary isolation. Environmentalist...

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