Zürcher Nachrichten - Ecuador votes to halt oil drilling in Amazon reserve

EUR -
AED 4.244038
AFN 72.226826
ALL 95.072238
AMD 425.779753
ANG 2.069106
AOA 1060.866808
ARS 1656.323359
AUD 1.646006
AWG 2.08302
AZN 1.960463
BAM 1.957279
BBD 2.328499
BDT 141.907211
BGN 1.929806
BHD 0.436031
BIF 3455.525599
BMD 1.155628
BND 1.488625
BOB 7.98907
BRL 5.995518
BSD 1.156093
BTN 110.140688
BWP 15.699929
BYN 3.182304
BYR 22650.310301
BZD 2.325157
CAD 1.609611
CDF 2630.209796
CHF 0.922792
CLF 0.026862
CLP 1057.214831
CNY 7.82678
CNH 7.833714
COP 4114.486648
CRC 530.200566
CUC 1.155628
CUP 30.624144
CVE 110.350279
CZK 24.176901
DJF 205.377754
DKK 7.473499
DOP 67.450959
DZD 154.36651
EGP 59.886953
ERN 17.334421
ETB 186.386121
FJD 2.565266
FKP 0.863151
GBP 0.862786
GEL 3.062267
GGP 0.863151
GHS 13.468234
GIP 0.863151
GMD 84.360903
GNF 10127.826848
GTQ 8.812658
GYD 241.873782
HKD 9.056421
HNL 30.907886
HRK 7.538512
HTG 151.214242
HUF 356.120622
IDR 20610.626746
ILS 3.430436
IMP 0.863151
INR 110.105814
IQD 1514.544238
IRR 1589190.840464
ISK 143.414383
JEP 0.863151
JMD 182.557922
JOD 0.819299
JPY 185.462704
KES 149.550107
KGS 101.058639
KHR 4652.535118
KMF 493.453266
KPW 1039.89799
KRW 1756.219521
KWD 0.357434
KYD 0.963432
KZT 563.968518
LAK 25457.343158
LBP 103527.963267
LKR 384.987521
LRD 210.409875
LSL 19.154403
LTL 3.412269
LVL 0.699028
LYD 7.38048
MAD 10.705688
MDL 20.121289
MGA 4849.663919
MKD 61.652633
MMK 2425.567564
MNT 4132.853435
MOP 9.33159
MRU 46.226724
MUR 55.319341
MVR 17.865724
MWK 2004.723241
MXN 20.0994
MYR 4.702942
MZN 73.841507
NAD 19.154403
NGN 1572.624683
NIO 42.542141
NOK 10.913607
NPR 176.2249
NZD 1.986005
OMR 0.444346
PAB 1.156078
PEN 3.93077
PGK 5.138882
PHP 70.831337
PKR 321.715424
PLN 4.250288
PYG 7140.456401
QAR 4.21523
RON 5.236845
RSD 117.370189
RUB 83.4989
RWF 1695.988657
SAR 4.338728
SBD 9.29769
SCR 15.301961
SDG 693.954989
SEK 10.957492
SGD 1.486768
SHP 0.862793
SLE 28.486416
SLL 24232.945384
SOS 660.702019
SRD 43.175438
STD 23919.167981
STN 24.518948
SVC 10.115818
SYP 127.733995
SZL 19.14955
THB 38.043264
TJS 10.815077
TMT 4.056255
TND 3.393322
TOP 2.782475
TRY 53.316983
TTD 7.846928
TWD 36.600588
TZS 3027.749073
UAH 52.094758
UGX 4352.363534
USD 1.155628
UYU 46.835384
UZS 13936.770423
VES 655.210143
VND 30416.130976
VUV 138.088641
WST 3.172193
XAF 656.455792
XAG 0.017773
XAU 0.000281
XCD 3.123142
XCG 2.083574
XDR 0.816827
XOF 656.444423
XPF 119.331742
YER 275.790517
ZAR 19.103786
ZMK 10402.042788
ZMW 20.029219
ZWL 372.111769
  • RBGPF

    2.0500

    60.72

    +3.38%

  • RYCEF

    -0.2300

    16.49

    -1.39%

  • NGG

    -0.4250

    80.655

    -0.53%

  • AZN

    -4.9400

    178.49

    -2.77%

  • GSK

    -0.0300

    51.22

    -0.06%

  • RELX

    -0.8950

    34.045

    -2.63%

  • CMSC

    -0.0500

    22.26

    -0.22%

  • BCE

    0.2850

    24.865

    +1.15%

  • BTI

    1.1950

    61.145

    +1.95%

  • VOD

    0.4150

    15.085

    +2.75%

  • BP

    0.6300

    43.3

    +1.45%

  • RIO

    -1.6400

    99.78

    -1.64%

  • CMSD

    -0.0100

    22.27

    -0.04%

  • JRI

    0.2000

    12.92

    +1.55%

  • BCC

    -1.4250

    68.585

    -2.08%

Ecuador votes to halt oil drilling in Amazon reserve
Ecuador votes to halt oil drilling in Amazon reserve / Photo: Rodrigo BUENDIA - AFP/File

Ecuador votes to halt oil drilling in Amazon reserve

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.

Text size:

Ecuador is one of eight nations sharing the Amazon basin, a vital carbon sink facing widespread destruction at a time when the world is grappling to curb climate change.

Almost 59 percent of voters chose to halt the exploitation of an oil block in Yasuni National Park, one of the most diverse biospheres in the world.

"This is a historic victory for Ecuador and the planet," environmental group Yasunidos posted on social media.

"This consultation, born from citizens, shows great national consensus in Ecuador. It is the first time a country has decided to protect life and leave oil in the ground."

The referendum took place alongside a first-round presidential election held under heavy security, with an explosion of violence linked to the drug trade dominating voter concerns.

Voters also chose to ban mining in parts of the Choco Andes forest in a second referendum.

- Uncontacted tribes -

Oil exploitation has been one of the pillars of Ecuador's economy since the 1970s.

Crude oil, its leading export, generated revenues of $10 billion in 2022, around 10 percent of gross domestic product.

Nearly 500,000 barrels are produced daily in the northeastern Amazon, below the Andes, blighting the environment with wells, pipelines, and flames shooting into the air.

The industry has been a boon to state coffers and development, but environmentalists decry terrible pollution.

Drilling in Yasuni 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 block is situated in a reserve which stretches over one million hectares (2.5 million acres) and is home to three of the world's last uncontacted Indigenous populations and a bounty of plant and animal species.

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.

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 government of outgoing President Guillermo Lasso estimated a loss of $16 billion over the next 20 years if drilling were halted.

Several much older blocks exist in the north of Yasuni, but they are almost depleted.

"Ecuador has become the first country in the world to stop oil exploitation due to direct climate democracy," said a joint statement from climate organizations, including Yasunidos and Amazon Frontlines.

- 'Lungs of the earth'-

Rainforests are often called the "lungs of the Earth," soaking up planet-warming carbon dioxide and expelling life-giving oxygen. Their protection is crucial in the battle to combat climate change.

Scientists warn destruction of the Amazon 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 Yasuni has been like a mother to the world... We need to raise our voices and hands so that our mother can recover, that she is not injured, that she is not beaten," Alicia Cahuiya, a Waorani leader born in the heart of the jungle, said before the vote.

The fate of the reserve drew the attention of celebrities such as Hollywood star and environmental activist Leonardo DiCaprio and Swedish climate campaigner Greta Thunberg, who both pushed for a "Yes" vote.

Locals in Yasuni were divided, with some supporting the oil companies and the benefits that economic growth have brought to their villages.

W.F.Portman--NZN