The Fort Worth Press - Ecuador votes to halt oil drilling in Amazon reserve

USD -
AED 3.672502
AFN 63.489738
ALL 82.601083
AMD 368.069674
ANG 1.790403
AOA 916.999982
ARS 1461.477901
AUD 1.439242
AWG 1.8
AZN 1.707442
BAM 1.707839
BBD 2.019173
BDT 122.896637
BGN 1.69088
BHD 0.378044
BIF 2989.634336
BMD 1
BND 1.296533
BOB 6.91239
BRL 5.1438
BSD 1.002494
BTN 94.655909
BWP 13.605776
BYN 2.805013
BYR 19600
BZD 2.016285
CAD 1.41819
CDF 2264.999925
CHF 0.81005
CLF 0.023027
CLP 906.270129
CNY 6.774805
CNH 6.78864
COP 3440.13
CRC 454.784115
CUC 1
CUP 26.5
CVE 96.874962
CZK 21.2166
DJF 178.525487
DKK 6.55262
DOP 58.604757
DZD 133.513606
EGP 49.720305
ERN 15
ETB 159.149898
EUR 0.87662
FJD 2.24285
FKP 0.754878
GBP 0.756565
GEL 2.645007
GGP 0.754878
GHS 11.23023
GIP 0.754878
GMD 73.000059
GNF 8784.035073
GTQ 7.628428
GYD 209.275317
HKD 7.84004
HNL 26.669772
HRK 6.604697
HTG 130.960611
HUF 310.455013
IDR 17859
ILS 2.994097
IMP 0.754878
INR 94.73975
IQD 1310
IRR 1375000.000381
ISK 126.239838
JEP 0.754878
JMD 158.408737
JOD 0.709023
JPY 161.384976
KES 129.44972
KGS 87.450289
KHR 4012.500592
KMF 430.99985
KPW 900.00035
KRW 1538.295006
KWD 0.308791
KYD 0.835444
KZT 488.630447
LAK 22049.999765
LBP 89549.999929
LKR 335.219143
LRD 182.197023
LSL 16.472163
LTL 2.95274
LVL 0.60489
LYD 6.427478
MAD 9.349445
MDL 17.629557
MGA 4230.000121
MKD 54.016038
MMK 2099.387374
MNT 3579.000015
MOP 8.095209
MRU 40.069418
MUR 47.960269
MVR 15.460004
MWK 1738.365682
MXN 17.4688
MYR 4.147105
MZN 63.895467
NAD 16.472091
NGN 1367.770085
NIO 36.630381
NOK 9.757702
NPR 151.770486
NZD 1.758045
OMR 0.384498
PAB 1.000358
PEN 3.38498
PGK 4.36375
PHP 61.220126
PKR 278.149683
PLN 3.755796
PYG 6111.57296
QAR 3.64601
RON 4.596799
RSD 102.906043
RUB 74.598078
RWF 1464.5
SAR 3.753691
SBD 8.065041
SCR 14.054599
SDG 600.515223
SEK 9.67836
SGD 1.29557
SHP 0.746601
SLE 24.74991
SLL 20969.503664
SOS 572.921224
SRD 37.430503
STD 20697.981008
STN 21.6
SVC 8.771861
SYP 110.532098
SZL 16.409714
THB 33.151497
TJS 9.278635
TMT 3.51
TND 2.911498
TOP 2.40776
TRY 46.479915
TTD 6.798512
TWD 31.647032
TZS 2625.231946
UAH 45.088297
UGX 3651.795772
UYU 40.002096
UZS 11994.999906
VES 616.865275
VND 26327.5
VUV 118.758526
WST 2.756325
XAF 574.021212
XAG 0.016093
XAU 0.000243
XCD 2.70255
XCG 1.80679
XDR 0.713895
XOF 574.016189
XPF 104.850375
YER 238.649519
ZAR 16.490032
ZMK 9001.197648
ZMW 17.769494
ZWL 321.999592
  • RBGPF

    -0.2700

    60.34

    -0.45%

  • CMSC

    -0.2100

    22.16

    -0.95%

  • BCC

    -2.1200

    72.54

    -2.92%

  • BTI

    -0.0100

    58.9

    -0.02%

  • BCE

    -0.6300

    22.65

    -2.78%

  • GSK

    0.0700

    50.74

    +0.14%

  • BP

    0.6800

    39.78

    +1.71%

  • RIO

    -0.7200

    99.36

    -0.72%

  • NGG

    1.5300

    80.97

    +1.89%

  • AZN

    1.5000

    176.43

    +0.85%

  • JRI

    -0.0200

    12.65

    -0.16%

  • RYCEF

    0.2300

    18.63

    +1.23%

  • RELX

    -0.3500

    30.83

    -1.14%

  • VOD

    -0.1800

    14.12

    -1.27%

  • CMSD

    -0.2100

    22.08

    -0.95%

Ecuador votes to halt oil drilling in Amazon reserve
Ecuador votes to halt oil drilling in Amazon reserve / Photo: © AFP/File

Ecuador votes to halt oil drilling in Amazon reserve

Ecuadorans have voted to stop an oil drilling project in an Amazon reserve, according to the results Monday of a referendum hailed as a historic example of climate democracy.

Text size:

Ecuador is one of eight nations sharing the Amazon basin, a vital carbon sink facing widespread destruction at a time when the world is grappling to curb climate change.

Almost 59 percent of voters chose to halt the exploitation of an oil block in Yasuni National Park, one of the most diverse biospheres in the world.

"This is a historic victory for Ecuador and the planet," environmental group Yasunidos posted on social media.

"This consultation, born from citizens, shows great national consensus in Ecuador. It is the first time a country has decided to protect life and leave oil in the ground."

The referendum took place alongside a first-round presidential election held under heavy security, with an explosion of violence linked to the drug trade dominating voter concerns.

Voters also chose to ban mining in parts of the Choco Andes forest in a second referendum.

- Uncontacted tribes -

Oil exploitation has been one of the pillars of Ecuador's economy since the 1970s.

Crude oil, its leading export, generated revenues of $10 billion in 2022, around 10 percent of gross domestic product.

Nearly 500,000 barrels are produced daily in the northeastern Amazon, below the Andes, blighting the environment with wells, pipelines, and flames shooting into the air.

The industry has been a boon to state coffers and development, but environmentalists decry terrible pollution.

Drilling in Yasuni began in 2016 after years of fraught debate and failed efforts by then-president Rafael Correa to persuade the international community to pay cash-strapped Ecuador $3.6 billion not to drill there.

The block is situated in a reserve which stretches over one million hectares (2.5 million acres) and is home to three of the world's last uncontacted Indigenous populations and a bounty of plant and animal species.

The reserve is home to the Waorani and Kichwa tribes, as well as the Tagaeri, Taromenane and Dugakaeri, who choose to live isolated from the modern world.

After years of demands for a referendum, the country's highest court authorized the vote in May to decide the fate of "block 43," which contributes 12 percent of the 466,000 barrels of oil per day produced by Ecuador.

The government of outgoing President Guillermo Lasso estimated a loss of $16 billion over the next 20 years if drilling were halted.

Several much older blocks exist in the north of Yasuni, but they are almost depleted.

"Ecuador has become the first country in the world to stop oil exploitation due to direct climate democracy," said a joint statement from climate organizations, including Yasunidos and Amazon Frontlines.

- 'Lungs of the earth'-

Rainforests are often called the "lungs of the Earth," soaking up planet-warming carbon dioxide and expelling life-giving oxygen. Their protection is crucial in the battle to combat climate change.

Scientists warn destruction of the Amazon is pushing the world's biggest rainforest close to a tipping point beyond which trees would die off and release carbon rather than absorb it, with catastrophic consequences for the climate.

"The Yasuni has been like a mother to the world... We need to raise our voices and hands so that our mother can recover, that she is not injured, that she is not beaten," Alicia Cahuiya, a Waorani leader born in the heart of the jungle, said before the vote.

The fate of the reserve drew the attention of celebrities such as Hollywood star and environmental activist Leonardo DiCaprio and Swedish climate campaigner Greta Thunberg, who both pushed for a "Yes" vote.

Locals in Yasuni were divided, with some supporting the oil companies and the benefits that economic growth have brought to their villages.

J.Barnes--TFWP