The China Mail - Ecuador votes to halt oil drilling in Amazon reserve

USD -
AED 3.6725
AFN 63.498714
ALL 82.898186
AMD 377.20221
ANG 1.790083
AOA 917.000143
ARS 1376.63099
AUD 1.440029
AWG 1.80225
AZN 1.702556
BAM 1.686202
BBD 2.015182
BDT 122.789623
BGN 1.709309
BHD 0.377574
BIF 2970
BMD 1
BND 1.279061
BOB 6.913944
BRL 5.238103
BSD 1.000522
BTN 94.115213
BWP 13.635619
BYN 2.965482
BYR 19600
BZD 2.012485
CAD 1.381501
CDF 2280.000526
CHF 0.791505
CLF 0.023228
CLP 917.189797
CNY 6.901501
CNH 6.903795
COP 3701.45
CRC 465.236584
CUC 1
CUP 26.5
CVE 95.625012
CZK 21.156905
DJF 177.719503
DKK 6.46211
DOP 60.374986
DZD 132.724008
EGP 52.534297
ERN 15
ETB 157.326049
EUR 0.86476
FJD 2.228204
FKP 0.747226
GBP 0.748305
GEL 2.695017
GGP 0.747226
GHS 10.949746
GIP 0.747226
GMD 73.533829
GNF 8780.000182
GTQ 7.657854
GYD 209.347342
HKD 7.818985
HNL 26.519756
HRK 6.5177
HTG 131.207187
HUF 334.957498
IDR 17041.4
ILS 3.11585
IMP 0.747226
INR 94.58805
IQD 1310
IRR 1313149.999855
ISK 123.839714
JEP 0.747226
JMD 157.605908
JOD 0.708983
JPY 159.350503
KES 129.749764
KGS 87.449198
KHR 4012.999761
KMF 426.999612
KPW 900.014346
KRW 1503.620076
KWD 0.30659
KYD 0.833829
KZT 482.773486
LAK 21585.000353
LBP 89549.999638
LKR 314.680461
LRD 183.649893
LSL 16.940125
LTL 2.95274
LVL 0.60489
LYD 6.374979
MAD 9.327502
MDL 17.495667
MGA 4170.000264
MKD 53.305946
MMK 2100.167588
MNT 3569.46809
MOP 8.057787
MRU 40.129725
MUR 46.459723
MVR 15.450396
MWK 1737.000057
MXN 17.77755
MYR 3.964495
MZN 63.901438
NAD 16.930012
NGN 1385.459778
NIO 36.719792
NOK 9.687115
NPR 150.586937
NZD 1.72225
OMR 0.384467
PAB 1.000578
PEN 3.460501
PGK 4.309497
PHP 60.060035
PKR 279.049985
PLN 3.69755
PYG 6510.184287
QAR 3.644006
RON 4.406198
RSD 101.569038
RUB 81.000744
RWF 1460
SAR 3.751679
SBD 8.042037
SCR 13.699685
SDG 600.999739
SEK 9.3519
SGD 1.281051
SHP 0.750259
SLE 24.549731
SLL 20969.510825
SOS 571.000463
SRD 37.340503
STD 20697.981008
STN 21.4
SVC 8.755292
SYP 110.948257
SZL 16.8977
THB 32.779488
TJS 9.58109
TMT 3.5
TND 2.937501
TOP 2.40776
TRY 44.359899
TTD 6.803525
TWD 31.950899
TZS 2570.059035
UAH 43.92958
UGX 3702.186911
UYU 40.504889
UZS 12199.999601
VES 462.09036
VND 26350
VUV 119.508072
WST 2.738201
XAF 565.560619
XAG 0.014069
XAU 0.000222
XCD 2.70255
XCG 1.803352
XDR 0.702492
XOF 563.50327
XPF 103.450387
YER 238.649487
ZAR 16.98853
ZMK 9001.203419
ZMW 18.736367
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    0.3000

    15.9

    +1.89%

  • CMSC

    0.0400

    22.91

    +0.17%

  • AZN

    1.3600

    187.14

    +0.73%

  • NGG

    1.9600

    84.29

    +2.33%

  • GSK

    1.7500

    54.7

    +3.2%

  • BCE

    -0.3400

    25.49

    -1.33%

  • RELX

    0.0100

    32.47

    +0.03%

  • RIO

    0.7700

    87.54

    +0.88%

  • BP

    0.6200

    45.41

    +1.37%

  • BTI

    0.6900

    58.45

    +1.18%

  • CMSD

    0.0500

    22.68

    +0.22%

  • JRI

    0.2400

    12.1

    +1.98%

  • BCC

    1.0800

    74.65

    +1.45%

  • VOD

    0.0600

    14.72

    +0.41%

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.

E.Choi--ThChM