Home > Environment > Yasuni: Ecuador abandons plan to stave off Amazon drilling | theguardian.com

Yasuni: Ecuador abandons plan to stave off Amazon drilling | theguardian.com

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.

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