A Look at Why Ecuador Abandoned the Plan to Leave Oil in the Soil in Amazon

On Aug. 15, Ecuadorian President Rafael Correa announced his government’s abandonment of the Yasuni-ITT Initiative, the innovative attempt to reverse the economic arrangement of oil extraction in the Amazon by keeping the oil in the soil in exchange for international assistance.

[source: http://ecowatch.com/2013/ecuador-abandons-plan-to-leave-oil-in-amazon/]


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