Spillover
Oil slick tarnishing Amazon area in Ecuador sparks outcry
Updated: 2024-09-18 10:33
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The government estimated that it will take at least five years to cut all production from the block, which produces 50,000 barrels a day, about 10 percent of the total output in the country.
In 2023, Ecuador estimated losses of $16.47 billion over two decades if it were to close Block 43 — one of 80 blocks in the part of the Amazon that falls in the country. Oil exploitation has been one of the pillars of Ecuador's economy since the 1970s.
