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Ecuador Approves Oil Drilling in Amazon Rain Forest
Posted
October 15, 2013
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7:54Now PlayingOn October 3rd 2013, Ecuador's National Assembly authorized the project to drill for oil in the Yasuní National forest, which is a biosphere reserve and home of endemic tribes and unique animal species.
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It is estimated by the Ecuadorian government that in that area, there are around 920 millions barrels of crude oil, for which Ecuador could get up to 7 billion dollars maybe more, over the next 30 years, this accounts for 20% of the countries' oil reserves.
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