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Ecuador drills near an Amazon nature reserve calls it the start of a new era

Ecuador drills for oil near an Amazon nature reserve and the government blamed the international community for this failure

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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.

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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.
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.

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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)

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Jeff Bezos Finally Gets ‘.amazon’ Domain: Report

The company is likely to get control of its internet namesake later this summer

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Jeff Bezos speaks in front of a model of Blue Origin's Blue Moon lunar lander, May 9, 2019, in Washington. VOA

After seven years of trying, Jeff Bezos led e-commerce giant Amazon has finally bagged the ‘.amazon’ domain name from the Internet Corporation for Assigned Names and Numbers (ICANN).

The e-commerce giant first applied for this domain in 2012 but its approval took seven years because a group of South American countries through which the river Amazon flows, raised objections.

However, in a meeting last week, ICANN’s board finally made a decision that it has repeatedly sought to avoid for all these years, The Register reported on Tuesday.

Amazon CEO Jeff Bezos walks onstage in Seattle. Source-VOA

“The Board finds the Amazon corporation proposal of April 17, 2019 acceptable, and therefore directs the ICANN organisation’s President and CEO, or his designee(s), to continue processing of the ‘.amazon’ applications according to the policies and procedures of the New gTLD Programme,” the report quoted ICANN as saying in an official document.

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The company is likely to get control of its internet namesake later this summer.

Amazon intends to use the domain with its multiple business streams “so we may see internet addresses like ‘books.amazon’ and ‘alexa.amazon’ before the end of the year”, the report added. (IANS)