Current:Home > InvestEcuador votes to stop oil drilling in the Amazon reserve in "historic" referendum -Golden Summit Finance
Ecuador votes to stop oil drilling in the Amazon reserve in "historic" referendum
View
Date:2025-04-14 09:34:57
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! (993)
Related
- Meta donates $1 million to Trump’s inauguration fund
- Save 75% on Gap, 75% on Yankee Candle, 30% on Too Faced Cosmetics, 60% on J.Crew & Today’s Best Deals
- Michael Doulas visits Israel to show solidarity as war in Gaza continues
- It’s a fool’s errand to predict US men’s gymnastics team for Paris. Let’s do it anyway!
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Texas softball edges Stanford, reaches championship series of Women's College World Series
- Simone Biles wins 9th U.S. Championships title ahead of Olympic trials
- Gilgo Beach serial killing suspect returning to court after a renewed search of his home
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- In New York, Attorney General Letitia James’ Narrow View of the State’s Green Amendment
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- South Korea fully suspending military pact with North Korea over trash balloons
- Horoscopes Today, June 1, 2024
- Technical issues briefly halt trading for some NYSE stocks in the latest glitch to hit Wall Street
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Starter Home
- Poppi sodas 'are basically sugared water' due to low prebiotic fiber content, lawsuit says
- Ben Affleck and Jennifer Lopez Tackle Breakup Rumors With PDA Outing
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
RFK Jr. sues Nevada’s top election official over ballot access as he scrambles to join debate stage
A judge will mull whether an Arizona border rancher can face a new murder trial after dismissal
8-year-old girl attacked by 'aggressive' cow elk while riding bike in Colorado
The Louvre will be renovated and the 'Mona Lisa' will have her own room
The Best Amazon Father’s Day Gifts of 2024 Guaranteed To Arrive Before the Big Day
Police arrest pro-Palestinian demonstrators inside San Francisco building housing Israeli Consulate
Muhammad Ali’s childhood home is for sale in Kentucky after being converted into a museum