Ecuador’s President Rafael Correa has abandoned a unique and ambitious plan to persuade rich countries to pay his country not to drill for oil in a pristine Amazon rainforest preserve.
Environmentalists had hailed the initiative when Correa first proposed it in 2007, saying he was setting a precedent in the fight against global warming by reducing the high cost to poor countries of preserving the environment.
“The world has failed us,” Correa said in a nationally televised speech. He blamed “the great hypocrisy” of nations who emit most of the world’s greenhouse gases.
For more on this story, visit: Yasuni: Ecuador abandons plan to stave off Amazon drilling | World news | theguardian.com.