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Yasuni: Ecuador abandons plan to stave off Amazon drilling

2013-08-16 04:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: Ecuador's President Rafael Correa has abandoned a unique and ambitious plan to persuade rich countries to pay his country not to drill for oil in a pristine Amazon rainforest preserve. Environmentalists had hailed the initiative when Correa first proposed it in 2007, saying he was setting a precedent in the fight against global warming by reducing the high cost to poor countries of preserving the environment. "The world has failed us," Correa said in a nationally televised speech. He blamed...

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