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Tag: ecuador
The world has failed us: Ecuador ditches plan to save Amazon from oil drilling
2013-08-17 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Independent: A ground-breaking scheme that would have preserved swathes of Ecuadors Amazon Rainforest has been abandoned after raising just $13m (8.3m) of the $3.6bn it needed to operate. In a development that human rights and environmental campaigners described as a huge missed opportunity, President Rafael Correa has lifted a moratorium on drilling for oil in the remote Yasuni national park, which he had imposed in return for $3.6bn of compensation payments from wealthy governments. However, three...
Ecuador Drops Plan to Ban Drilling in Jungle
2013-08-16 23:53:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Six years ago, President Rafael Correa of Ecuador offered the world what he considered an enticing deal: donate $3.6 billion to a trust fund intended to protect nearly 4,000 square miles of the Amazon jungle and his country would refrain from oil drilling in the rain forest. The plan won applause from environmentalists, and international luminaries like Bo Derek and Leonardo DiCaprio opened their wallets. The plan was backed by the United Nations, but governments generally balked at contributing,...
Ecuador to Lift Protection of Yasuni Park, Allow for Oil Drilling
2013-08-16 20:32:00| Climate Ark Climate Change & Global Warming Newsfeed
Nature World: Environmental activists are protesting the government of Ecuador's decision to allow for oil exploration in a previously protected portion of the Yasuni National Park. The nearly 4,000 square mile park in the Amazon rainforest has been a site of oil exploration since the 1970s, but a portion of the park's core has since been untouched. Criticism of the move to explore for oil in the previously protected area is not unfounded -- Yasuni National Park is perhaps the most biologically diverse area...
Tags: park
protection
oil
ecuador
Ecuador shelves big idea for saving the Amazon
2013-08-16 19:10:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: The fate of the most biodiverse rainforest on Earth has been decided: it will be drilled for oil. On Thursday Ecuadorian President Rafael Correa said he has abandoned a plan that would have prohibited oil extraction from Yasuni National Park in Eastern Ecuador in exchange for payments to leave the crude in the ground. Correa had sought $3.6 billion in contributions - equivalent to roughly half the value of the 846 million barrels of oil estimated to lie under the rainforest reserve - but managed...
Ecuador Allows Oil Drilling in Yasuni National Park
2013-08-16 18:49:00| Climate Ark Climate Change & Global Warming Newsfeed
Environment News Service: Ecuador`s President Rafael Correa has approved oil drilling in Yasuni National Park, signaling the collapse of an innovative trust fund that would have conserved this biodiversity treasure trove. President Rafael Correa announces that Ecuador will abandon the Yasuni-ITT initiative, August 15, 2013 (Framegrab from video courtesy Office of the President) In a nationwide address on radio and television Thursday night, President Correa explained that the Yasuni-ITT Initiative, introduced six years...
Tags: national
park
oil
ecuador
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