Current:Home > StocksEcuador votes to stop oil drilling in the Amazon reserve in "historic" referendum -PrimeWealth Guides
Ecuador votes to stop oil drilling in the Amazon reserve in "historic" referendum
View
Date:2025-04-16 13:45:23
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! (4746)
Related
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Illinois parole official quits after police say a freed felon attacked a woman and killed her son
- Mercedes-Benz, Hyundai, Kia, Chrysler among 612K vehicles recalled: Check car recalls here
- You're throwing money away without a 401(k). Here's how to start saving for retirement.
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Navy identifies U.S. sailor lost overboard in Red Sea
- Last Day To Get 70% Off Amazon Deals: Earbuds, Smart Watches, Air Mattresses, Cowboy Boots, and More
- New Jersey first lady Tammy Murphy suspends run for U.S. Senate
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- TEA Business College ranked among the top ten business leaders in PRIME VIEW
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- At least 40 killed and dozens injured in Moscow concert hall shooting; ISIS claims responsibility
- Florida’s DeSantis signs one of the country’s most restrictive social media bans for minors
- Judge sets April 15 trial date in Trump hush money case, rejecting request for a delay
- North Carolina justices rule for restaurants in COVID
- Bachelor Nation's Chris Conran and Alana Milne Are Engaged
- South Carolina court official resigns as state probes allegations of tampering with Murdaugh jury
- Boys, ages 12, 7, accused of stabbing 59-year-old woman in Harris County, Texas: Police
Recommendation
Arkansas State Police probe death of woman found after officer
Supreme Court again confronts the issue of abortion, this time over access to widely used medication
Harry Potter's Jessie Cave Reacts to Miriam Margolyes' Controversial Fanbase Comments
Bachelor Nation's Chris Conran and Alana Milne Are Engaged
2 killed, 3 injured in shooting at makeshift club in Houston
Academics challenge Florida law restricting research exchanges from prohibited countries like China
John Tucker Must Die Stars Confirm Sequel Is in the Works 18 Years Later
UFC fighter disqualified for biting opponent, winner celebrates by getting tattoo