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“The world has failed us”: Ecuador abandons its conservation plan

http://www.salon.com/2013/08/16/the_world_has_failed_us_ecuador_abandons_its_conservation_plan/

President Rafael Correa will allow companies to tap oil reserves in the Amazon rainforest

Ecuadorian President Rafael Correa announced yesterday that the country was giving up on its attempt to preserve the Yasuni basin in the Amazon rainforest. And with an executive decree invalidating his 2007 conservation initiative, he opened the area to oil drilling. Reuters reports...