Ecuador seeks balance between biodiversity conservation and oil exploration
- 1Ecuador secured approximately 1.1 billion dollars for the conservation of the Amazon and Galapagos Islands for 2023-2024.
- 2Oil and petroleum products account for approximately 80% of Ecuador's energy in 2024.
- 3The Ecuadorian government announced a new bidding plan for oil exploration in parts of the Amazon in October.
So what's the key point?
The Ecuadorian government announced a plan to search for oil in parts of the Amazon. Since oil accounts for 80% of the country's energy, this will be an important matter for the national economy.
Source CNBC · View original ↗
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