Ecuador to open Amazon’s Yasuni basin to oil drilling

Posted by Washington Post: Juliet Eilperin on August 16th, 2013
Reuters: Ecuador will open up part of the Amazon rainforest to oil drilling after rich nations failed to back a conservation plan that would have paid the country not to explore in the area, President Rafael Correa said on Thursday. Correa launched the initiative in 2007 to protect the Yasuni area of the Amazon basin, which boasts some of the planet's most diverse wildlife, but said he had now scrapped it after it attracted only a small fraction of the sum it aimed to raise. "I have signed the executive......

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