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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...
Tags: park
oil
ecuador
drilling
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