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There goes Ecuador's rainforests...
March 20, 2005 ( politics )
One of South America's poorest countries, Ecuador, is believed to be sitting on huge untapped reserves of oil and gas.Much of it, though, lies beneath remote areas of the Amazon rainforest.
Now the indigenous people of the region are starting to organise themselves politically in a bid to keep the oilmen out of their ancestral homes.
In global oil terms, Ecuador is a relatively small player. But revenues from its existing Amazon oil reserves are critical in keeping the country's economy afloat.
Now, with the country sitting on huge potential new reserves, there is enormous pressure to expand production.
(BBC)
Posted by griffjon at March 20, 2005 04:09 PM
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