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Ecuador Drops Plan to Preserve Parts of Amazon from Oil Drilling

HeadlinesAug 16, 2013

Ecuador has dropped a plan to preserve swaths of the Amazon rainforest from oil drilling by having wealthy countries pay them not to drill. In a speech Thursday, President Rafael Correa said the plan to save parts of Yasuni National Park had raised only a fraction of the money sought. "The world has failed us," he said. Nearly half of oil produced by Ecuador goes to the United States.

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