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August 17 2013
A ground-breaking scheme that would have preserved swathes of Ecuador’s Amazon Rainforest has been abandoned after raising just $13m (£8.3m) of the $3.6bn it needed to operate.
In a development that human rights and environmental campaigners described as a “huge missed opportunity”, President Rafael Correa has lifted a moratorium on drilling for oil in the remote Yasuni national park, which he had imposed in return for $3.6bn of compensation payments from wealthy governments.
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