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But oil and mining guilds say their industries are needed to shore up Ecuador's battered economy and that bans would expose the areas to illegal mining and deforestation. Outgoing President Guillermo Lasso, who moved ahead elections after lawmakers attempted to oust him, has failed to raise oil production or attract more mining investment as violence and social problems have worsened. A "yes" vote in both referendums could complicate finances for his successor. State oil company Petroecuador says a "yes" on the Yasuni referendum would cost the country $13.8 billion in income over the next two decades. But residents say mining will threaten high altitude wetlands, water and animals like the spectacled bear.
Persons: Read, Ecuadoreans, Guillermo Lasso, Santiago Pérez, Ramon Correa, Correa, Rafael Correa, Pedro Bermeo, Bermeo, Petroecuador, Australia's SolGold, Maria Eulalia Silva, Morelia Fuentes, Alexandra Valencia, Tito Correa, Karen Toro, Julia Symmes Cobb, Marguerita Choy Organizations: ITT, Environmental, Reuters, Voters, of Mining, Mining, Thomson Locations: Orellana, Orellana province, Ecuador, QUITO, Quito, Choco, North America, State, Pastaza
They are timed to coincide with global leaders meeting in New York City at the U.N. General Assembly this week. REUTERS/Brendan McDermid Read More'DEVASTATING CONSEQUENCES'Irreparable damage caused by climate change has heightened developing countries' demands for "Loss & Damage" compensation at COP27 in Egypt in November. "The Least Developed Countries are bearing the brunt of the devastating consequences of climate change," Senegal's environment minister Abdou Karim Sall told a meeting in Dakar last week. The United States and 27-country European Union have historically resisted steps that could require rich nations to pay compensation for causing climate change. Malpass later clarified he was not a climate change denier, after facing a flurry of calls to resign.
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