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Tag: ecuador
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...
Tags: park
oil
ecuador
drilling
Ecuador approves Amazon oil drilling
2013-08-16 09:19:00| Climate Ark Climate Change & Global Warming Newsfeed
BBC: Ecuador has abandoned a conservation plan that would have paid the country not to drill for oil in previously untouched parts of Yasuni National Park in the Amazon rainforest. President Rafael Correa said rich nations had failed to back the initiative, leaving Ecuador with no choice but go ahead with drilling. The park is one of the most biodiverse areas in the world. Hundreds of people gathered in Quito to protest against Mr Correa's decision. Oil exploitation has been taking place in...
Tags: amazon
oil
ecuador
drilling
Ecuador to open Amazon's Yasuni basin to oil drilling
2013-08-16 05:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Ecuador will open up part of the Amazon rainforest to oil drilling after rich nations failed to back a conservation plan that would have paid the country not to explore in the area, President Rafael Correa said on Thursday. Correa launched the initiative in 2007 to protect the Yasuni area of the Amazon basin, which boasts some of the planet's most diverse wildlife, but said he had now scrapped it after it attracted only a small fraction of the sum it aimed to raise. "I have signed the executive...
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
Ecuador expected to open Amazon's Yasuni basin to oil drilling -sources
2013-08-15 22:19:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Ecuador is expected to open part of the Amazon rainforest to oil drilling on Thursday after rich nations failed to back a conservation plan that would have paid the country not to explore in the area, government sources said. In 2007 Ecuador's President Rafael Correa launched an initiative to protect the Yasuni area of the Amazon basin, which boasts one of the planet's richest ranges of wildlife. However, the sources said that decision has been reversed and an announcement on the plan's future...
Tags: open
expected
sources
oil
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