Current:Home > InvestEcuador votes to stop oil drilling in the Amazon reserve in "historic" referendum -Wealth Navigators Hub
Ecuador votes to stop oil drilling in the Amazon reserve in "historic" referendum
View
Date:2025-04-13 07:08:46
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.
The "Yes" vote to halt exploitation of an oil block in the Yasuni National Park, one of the most diverse biospheres in the world, won by 59 percent, with 98 percent of votes tallied.
"Today Ecuador takes a giant step to protect life, biodiversity, and indigenous people," the country's two main indigenous organizations, Confeniae and Conaie, posted on social media.
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 block is situated in a reserve which stretches over one million hectares and is home to three of the world's last uncontacted Indigenous populations and a bounty of plant and animal species.
Drilling 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 government of outgoing President Guillermo Lasso has estimated a loss of $16 billion over the next 20 years if drilling is halted.
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.
National oil company Petroecuador had permission to exploit 300 hectares, but says it is only using 80 hectares.
The Amazon basin — which stretches across eight nations — is a vital carbon sink.
Scientists warn its destruction 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 fate of the reserve has drawn the attention of celebrities such as Hollywood star and environmental activist Leonardo DiCaprio.
"With this first-of-its-kind referendum worldwide, Ecuador could become an example in democratizing climate politics, offering voters the chance to vote not just for the forest but also for Indigenous rights, our climate, and the well-being of our planet," he wrote on Instagram this month.
Swedish climate campaigner Greta Thunberg also hailed the "historic referendum."
The NGO Amazon Frontlines said the vote was a "demonstration of climate democracy, where people, not corporations, get to decide on resource extraction and its limits."
Locals in Yasuni were divided, with some supporting the oil companies and the benefits that economic growth have brought to their villages.
- In:
- Climate Change
- Amazon
- Environment
- Ecuador
- Oil and Gas
veryGood! (8552)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Federal judge lets Iowa keep challenging voter rolls although naturalized citizens may be affected
- Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry
- Social media users weigh in on Peanut the Squirrel being euthanized: 'This can’t be real'
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Video shows moment dog recognizes owner after being lost for five months in the wilderness
- Florida’s convicted killer clown released from prison for the murder of her husband’s then-wife
- Families can feed 10 people for $45: What to know about Lidl’s Thanksgiving dinner deal
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Federal Reserve is set to cut rates again while facing a hazy post-election outlook
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- New York Red Bulls eliminate defending MLS Cup champion Columbus Crew in shootout
- Starbucks releases its cups for the 2024 holiday season: See this year's designs
- Predicting the CFP rankings: How will committee handle Ohio State, Georgia, Penn State?
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Lionel Messi's MLS title chase could end in first round. There's no panic from Inter Miami
- AP Top 25: Oregon a unanimous No. 1 ahead of 1st CFP rankings, followed by Georgia, Ohio State
- How Johns Hopkins Scientists and Neighborhood Groups Model Climate Change in Baltimore
Recommendation
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
True crime’s popularity brings real change for defendants and society. It’s not all good
Nevada lithium mine will crush rare plant habitat US said is critical to its survival, lawsuit says
Romanchuk wins men’s wheelchair race at NYC Marathon, Scaroni wins women’s event
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
True crime’s popularity brings real change for defendants and society. It’s not all good
Alabama Mine Expansion Could Test Biden Policy on Private Extraction of Publicly Owned Coal
Tucker Carlson is back in the spotlight, again. What message does that send?