South America Struggles To Balance Oil Economy And Environment

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South America Struggles To Balance Oil Economy And Environment
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South American countries grapple with the decision to exploit oil and gas reserves or prioritize the protection of their environment, particularly the Amazon rainforest.

Ecuadorians voted against oil drilling in the Yasuní ITT oilfield , located in the Amazon, despite economic pressures.

South American nations weigh the immediate economic benefits of oil and gas development against long-term environmental consequences and global climate concerns.The populations and leaders of several South American countries are determining the fate of their natural resources, as the question of a green transition and deforestation loom over them. In both Ecuador and Brazil, state powers are deciding whether to approve new oil and gas licenses or put the health of the rainforest first.

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