Flora and fauna affected by oil production in Ecuador's Yasuni Amazon reserve will take many years to recover, Environment Minister Jose Davalos said on Tuesday, raising concerns that a rushed closure of extractive operations would lead to environmental damage.
after a majority of Ecuadoreans votedThe government of outgoing President Guillermo Lasso, whose replacement will be elected on Oct. 15, is preparing a plan to close the block - which produces about 58,000 barrels per day - for the country's next leader to implement.
"Many, many years will pass before the trees reach their proper height, the ecosystem is restored and animals return," Davalos said in an interview with Reuters. Petroecuador has one year to suspend its operations, which will see Ecuador's crude output drop by 12% and cost the country some $13.8 billion over the next two decades, according to official data.Environmentalists and some communities nearby insist that prohibiting future oil operations and other extractive industries is the only way to take care of nature and curb climate change.
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