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Ecuador Abandons Moratorium on Oil Drilling in Biodiverse Yasuni Park

2013-08-16 18:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: The Ecuadorian government has abandoned its moratorium on oil drilling in Yasuni National Park as a proposal to protect the park with the help of international donations fell apart. In a nationally televised speech, President Rafael Correa blamed the failure of the ambitious conservation plan on a lack of funds, saying that a UN-administered trust fund had raised only $13 million of the $3.6 billion target. I have signed the executive decree for the liquidation of the Yasuni-ITT trust fund and with...

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Ecuador's president abandons no-drilling plan

2013-08-16 15:35:53| Climate Ark Climate Change & Global Warming Newsfeed

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

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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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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...

Tags: plan amazon ecuador drilling