Ecuador: Indigenous, Enviromental groups call for vote on drilling in Yasuni

Posted on August 25, 2013 • Filed under: Ecuador, Enviromental Issues, Latin America Indigenous Issues, Oil

IPSNEWS.NET reported that the Ecuadorean government’s decision to allow oil drilling in the Yasuní National Park, one of the most biodiverse areas of the planet, has caused alarm among environmentalists and indigenous people, who are calling for a referendum on the issue. President Rafael Correa ordered the shelving of the Yasuní-ITT Initiative, a plan to leave oil reserves underground in the Amazon rainforest park in return for international compensation. He complained that only 13.3 million dollars were contributed by companies, individuals and countries to a trust fund administered by the United Nations since 2007, towards a final goal of 3.6 billion dollars.The decision announced Aug. 15 gives the state-run oil company Petroamazonas the green light to commence exploration in up to one percent of the area of the park, according to the decree that ended the Yasuní-ITT Initiative. READ ARTICLE

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