Arab Today, arab today ecuador dumps amazon \natureforoil\ scheme
Last Updated : GMT 10:57:21
Arab Today, arab today
Arab Today, arab today

Ecuador dumps Amazon \'nature-for-oil\' scheme

Arab Today, arab today

Arab Today, arab today Ecuador dumps Amazon \'nature-for-oil\' scheme

Quito - AFP

Ecuador President Rafael Correa said major oil exploration in an unspoilt Amazon nature reserve could go ahead after the failure of an ambitious plan to secure billions of dollars in donations to avoid drilling in the area. In an address to the nation, Correa said Thursday he would seek authorization from lawmakers to allow drilling in a region of the Yasuni National Park, which was designated a world biosphere reserve by UNESCO in 1989. \"With deep sadness but also with absolute responsibility to our people and history, I have had to take one of the hardest decisions of my government,\" said Correa as he reversed an initiative he had first mooted in 2007. Three wells in the Yasuni reserve, which is home to several nomadic Indian tribes, are believed to hold around 920 million barrels of oil. Correa had sought to leave the oil untouched in order to avoid an estimated 400 million tons of carbon dioxide emissions being pumped into the Earth\'s atmosphere -- provided the international community would stump up $3.6 billion. However in the six years since the initiative was launched, Ecuador has received just $13.3 million -- equivalent to 0.37 percent of the hoped-for total, Correa said. \"The world has failed us so I have requested that in the national interest the National Assembly allows us to develop Yasuni,\" Correa said. Ecuador\'s 2008 constitution prevents the exploitation of non-renewable resources in protected areas, but allows the president to request a waiving of the rule if the \"national interest\" dictates it. Correa said any development would leave 99 percent of Yasuni untouched. \"The mining activity cannot develop in an area exceeding one percent of the Yasuni National Park,\" he said. \"This decision is disappointing to all of us but it is necessary. Not to do it would be to the detriment of our people. History will judge us,\" he said. Donations to the fund made by private companies or countries including Belgium, Chile, France, Italy, Spain and Indonesia had been placed in a trust administered by the United Nations Development Program and would be returned.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecuador dumps amazon \natureforoil\ scheme Arab Today, arab today ecuador dumps amazon \natureforoil\ scheme

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday