Ecuador: debate rages on concerning Correa’s move to auction off part of Amazon for oil exploration

Posted on April 25, 2013 • Filed under: Conflicts, Ecuador, Enviromental Issues, Oil, Politics

Ecuadorian society is locked in a fierce debate over president Rafael Correa’s move to auction off three million hectares of the Amazon rainforest to international oil companies, including in China.

Correa has come under intense domestic and international pressure over the sale, which seeks to use the country’s oil reserves to reduce the national debt. The South American nation owed an estimated US$7 billion – 10% of its GDP – to China alone as of last summer. Murders of tribesman in Ecuador highlight controversy over proposal to auction off section of Amazon rainforest to oil companies… Read Article

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