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Ecuador Political News

Reuters – Ecuador’s Yasuni jungle plan faces uphill battle

More on Ecuador’s efforts to obtain funding from foreign countries in exchange for not drilling in a rainforest reserve:

President Rafael Correa sought to up the pressure on potential donors on Saturday. He accused them of being “all blah, blah” about global warning and warned his cash-strapped government was being forced to draw up a plan for oil extraction.

“At current oil prices, that’s worth $14 billion … We need those resources to develop the country, but we’re also responsible people who want to protect Yasuni,” he said.

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