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Ecuador to sell a part of Amazon rainforest
Ecuador is hatching a plan to auction off 3 million of the nations’ 8.1 million hectares of the lovely Amazonian rainforest to oil companies of China, suggested new reports.
The new report comes as oil pollution drove neighboring Peru to announce an environmental state of emergency in their north Amazon rainforest region.
Ecuador owed this booming Asian country over US$ 7 billion (more than a 10th of its GDP) as of last summer. In the year 2009, China started loaning Ecuador billions and billions of dollars in substitute for oil shipments.
It also served in funding fund two of the nation’s top hydroelectric infrastructure programs. The China National Petroleum Corp may have a thirty percent stake in a US$ 10 billion oil refinery in Ecuador.
Speaking to a leading UK based news paper, environmental and human rights campaigner Adam Zuckerman told that as per his understanding this is more of a debt issue – it is because the Ecuadoreans are so dependent on the Chinese to finance their development that they’re willing to compromise in other areas such as social and environmental regulations.
The 7 indigenous groups who stay on these lands are not very happy, mainly because previous year a court stated that governments should get “free, prior, and informed consent” from native groups before sanctioning oil works on their indigenous land.
In a report, comissioned by PlainSailing.ccom - a yacht charter in the UK,it was stated that they have not talked to them, and they were there to tell top investors that they does not have their permission to exploit their land.