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Why Ecuador Abandoned Plans to Leave Fossil Fuels in the Ground and Save the Amazon
Adam Chimienti On Aug. 15, Ecuadorian President Rafael Correa announced his government’s abandonment of the Yasuni-ITT Initiative, the innovative attempt to reverse the economic arrangement of oil extraction in the Amazon by keeping the oil in the soil in exchange for international assistance. His words that evening were disheartening to many. They encroached on the […]
