Ecuador has abandoned a pioneering conservation plan in the Amazon that attempted to raise funds from the international community instead of drilling for oil in a pristine corner of the Yasuni national park.
The collapse of the Yasuni ITT initiative is a devastating blow for activists who are trying to save one of the world’s most biodiverse regions from development and pollution. It also kills climate campaigners’ hopes that the Ecuador plan could provide a model for other nations to resist the lure of oil money and leave fossil fuels under the ground.
President Rafael Correa blamed the failure on the lack of foreign support, after a trust fund set up to manage the initiative received only $13m (£8.3m) in deposits, a tiny fraction of the $3.6bn goal.
"The world has failed us," Correa said in a televised address on Thursday night. "I have signed the executive decree for the liquidation of the Yasuni-ITT trust fund and with this, ended the initiative."
The president said the decision was one of the most difficult he had been forced to make since taking office, but preparations for a U-turn have long been under way and exploration is likely to begin within weeks.
Correa said it would affect less that 1% of the park, but the termination of the conservation initiative has stirred up fury among environmentalists and is likely to upset the population at large. Polls show that between 78% and 90% of Ecuadoreans are opposed to drilling in this sensitive region.
Kelly Swing, the founder of the Tipitini research centre in Yasuni, said the area affected by drilling could be 20 or 30 times more than the government has claimed once access roads are factored in. “A new road is the death knell to any wilderness area, no matter where in the world,” he said. […]
This is an area of the Amazon that contains more species in one hectare than all the wildlife in North America.