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Big Oil Gets Green Light to Explore Ecuadorian Amazon

On August 15, the Ecuadorian president, Rafael Correa, announced that he is abandoning plans for an internationally funded conservation program for the Yasuni National Park. The park, which is located in the Ecuadorian Amazonian rain forest, is recognized as a UNESCO biosphere reserve and is said to contain more species in just one hectare than all the combined biodiversity of North America. The Yasuni international fundraising initiative was launched in 2007 after explorations revealed 796 million barrels of crude under an area known as the ITT Block. 

10.0pt;line-height:150%;font-family:"Verdana","sans-serif";mso-bidi-font-family:
"Times New Roman";mso-bidi-theme-font:minor-bidi”>Patrick Bond
is the Director of the Center for Civil Society and Professor at the University of KwaZulu-Natal in South Africa. Bond is the author and editor of the recently released books, Politics of Climate Justice and Durban’s Climate Gamble.

 

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