Never miss a story

Get subscribed to our newsletter


×
Members of the media inspect measures taken at the ITT, or block 43, oil block by Petroamazonas to minimize impact on the environment during oil production in Tiputini, Ecuador, Sept. 7, 2016. Source: VOA
  • Ecuador began drilling for oil Wednesday near an Amazon nature reserve known as Yasuni
  • Around half of Ecuador’s income comes from oil, according to the World Bank.
  • Correa’s government blamed the international community for the failure of a plan once seen as a possible model for other developing countries seeking to resist the lure of oil money

Ecuador began drilling for oil Wednesday near an Amazon nature reserve known as Yasuni, a site that President Rafael Correa had previously sought to protect from development and pollution under a pioneering conservation plan.

Correa in 2007 asked wealthy countries to donate $3.6 billion to offset revenue lost by not drilling in the Yasuni National Park. But the initiative was scrapped in 2013 after it brought in less than 4 percent of the amount requested.


Follow NewsGram on Twitter

Correa’s government blamed the international community for the failure of a plan once seen as a possible model for other developing countries seeking to resist the lure of oil money. Wednesday’s drilling by the state oil company Petroamazonas began in the ITT (Ishpingo-Tambococha-Tiputini) block at Tiputini, which is just outside Yasuni. Ishpingo and Tambococha are within the Yasuni reserve itself.

Workers walk past machinery at Miranda Port in Tiputini, Ecuador, Sept. 7, 2016. Source: VOA


Correra has said previously that drilling would affect less than 1 percent of the reserve.

“It’s the start of a new era for Ecuadorean oil,” said Vice President Jorge Glas after a tour of the site Wednesday.

“In this new era, first comes care for the environment and second responsibility for the communities and the economy, for the Ecuadorean people,” he told reporters, adding that the cost of production was less than $12 per barrel.

Follow NewsGram on Facebook

Ecuador is OPEC’s smallest member and has suffered heavily from the fall in oil prices. Around half its income comes from oil, according to the World Bank.

It is also one of the world’s most biodiverse nations, boasting Amazon rainforest, Andean mountains and the Galapagos Islands.

The end of Ecuador’s conservation initiative for the eastern Yasuni, a vast swath of rainforest on the equator, drew outrage from environmentalists when it was first announced.

“This is the worst imaginable place to be drilling for oil. The world can simply not afford to lose a place like Yasuni,” Kevin Koenig, Ecuador program director at Amazon Watch, said in a statement.

About 1.67 billion barrels of oil lie under Yasuni’s soil.

With output from the Tiputini field, Ecuador’s oil production will rise to some 570,000 barrels per day (bpd) from a current level of about 550,000 bpd, government officials say. (VOA)


Popular

IANS

The Centre will launch a pilot project on the use of indigenously manufactured drones for delivering medicines in the undulating landscape of Jammu and surrounding areas from Saturday

The Centre will launch a pilot project on the use of indigenously manufactured drones for delivering medicines in the undulating landscape of Jammu and surrounding areas from Saturday with a focus on vaccines delivery initially. "This is going to be a pilot project for the area. The drone is developed and manufactured entirely by our scientists," Union Minister for Science & Technology, Dr Jitendra Singh told mediapersons. Singh said he himself will be launching the project at Jammu.

The drone is developed by the scientists at Bengaluru's National Aerospace Laboratories (NAL), a constituent of Council of Scientific and Industrial Research (CSIR), an autonomous Society that is headed by the Prime Minister. For now, the delivery would be limited to Covid vaccines and once successful, it would be expanded to be used for regular delivery of medicines in the remote, hilly areas.

drone flying in sky The drone is developed by the scientists at Bengaluru's National Aerospace Laboratories (NAL). | Photo by Jason Blackeye on Unsplash

Keep Reading Show less
IANS

According to him Amitabh Bachchan is a great actor in the industry.

Bollywood actor Abhishek Bachchan shares how he feels when people compare him with his father Amitabh Bachchan on the singing reality show 'Sa Re Ga Ma Pa'. He also requests contestant Rajshree Bag to sing a track 'Bahon Mein Chale Aao' featuring his mother Jaya Bachchan.

Abhishek said after looking at the performance of Rajshree, who is often compared with Lata Mangeshkar on the show, that she reminds him of being compared with his father. "Rajshree, whenever I have got the chance to watch the show, I've seen people compare you to Lata didi. It actually reminded me about how people compare me with my father and ask me how I feel about it."

According to him Amitabh Bachchan is a great actor in the industry and this is what he says to everyone making these comparisons. "My answer to them is that there's no greater actor in this film industry than Amitabh Bachchan and if I'm being compared to him, I am sure I must have done something good."

"Similarly, your voice has a different kind of magic like Lata ji and that's why people are comparing your voice with her. I feel you should always take this as a compliment," he concluded. 'Sa Re Ga Ma Pa' airs on Saturday and Sunday on Zee TV. (IANS/ MBI)


Keep Reading Show less
Photo by Aaron Burden on Unsplash

Winters in India have always beckoned for that hot, steaming bowl of tomato and pepper rasam or the mellow, millet based Raab.

By IANSlife

Winters in India have always beckoned for that hot, steaming bowl of tomato and pepper rasam or the mellow, millet based Raab. Certain dishes like sarson ka saag, undhiyu, nimona pulao are winter specialites in the country. Seasonal food has always been an Indian speciality -- we switch our choice in fruits, vegetables, sometimes even grains with the onset of different season. The preference of using specific ingredients during certain climates is visible in our sweets as well. It's common to find local and traditional delicacies made of jaggery, instead of sugar during the winters. Case in point -- the Nolen Gur Rasgulla, a speciality made in Odisha and West Bengal between November to February.

Sarson Ka Saag | Sarson ka saag is traditional Punjabi dish Certain dishes like sarson ka saag, undhiyu, nimona pulao are winter specialites in the country. | Flickr

Keep reading... Show less