Correa to make 11th-hour pitch for payments at UN

Hoping to attract the funds he says Ecuador needs to forego oil drilling in a national park rich in biodiversity, President Rafael Correa will request support from international leaders in a meeting convened by United Nations Secretary General Ban Ki-moon. The session, a side meeting to be held next month during a gathering of the UN General Assembly, comes four years after Correa, in a UN speech, offered to cancel plans for drilling in the so-called Ishpingo-Tambococha-Tiputini (ITT) concession area. That area is believed to contain 20% of Ecuador’s oil reserves, and the vast majority of it is located within the rainforest of Yasuní National Park, regarded by scientists as among the most biodiverse places in the world. In his 2007... [Log in to read more]

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