![]() ![]() Meanwhile, the result of a forthcoming Ecuadorian referendum about oil exploitation in the Yasuní rainforest will be hugely significant for that part of the Amazon but will also send a wider message about the region’s priorities. Peru is proposing to place 31 oil blocks over 435 indigenous communities, while Bolivia recently finalised an ‘Upstream Reactivation Plan’. ![]() Domestic exploitationĪ number of South American countries in which the Amazon rainforest lies have been trying to boost domestic oil and gas exploration and extraction in recent years. Focusing specifically on oil and gas, it calls for an Amazon exclusion zone where no fossil fuels can be exploited, in line with the International Energy Agency’s (IEA) warning that there can be no new fossil fuel projects if the world is to stay under a 1.5☌ warming threshold. The campaign builds on an existing effort to get a global pact for the permanent protection of four-fifths of Amazonia by 2025. However, a grassroots campaign led by Indigenous groups and civil society argues such a move is essential to combat climate change, and to protect biodiversity and the Indigenous people that live there. G20 divisions over key climate goals pile pressure on Cop28 hosts The final guest list is not yet clear, but nations across Latin America are expected to be represented as well as some from Europe.īrazilian president Luiz Inacio Lula da Silva has rebooted the summit in the hope of using it to build support for his commitment to end illegal deforestation in the Amazon by 2030, but curbing fossil fuel extraction does not appear to be on the agenda. Leaders will be meeting next month at the Amazon Summit in Belém, a city also due to host the Cop30 climate talks in 2025, to discuss the 45-year-old Amazon Cooperation Treaty for the first time in several years. South American nations and international financial institutions are coming under increasing pressure to stop exploiting oil and gas in the Amazon ahead of key political talks in Brazil. ![]()
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