"Ecuador Votes To Ban Oil Drilling In Part Of Amazon, Mining Outside Quito"

"QUITO - Ecuadorean referendums to ban oil drilling in a part of the Amazon and mining in a forest outside Quito easily passed, drawing cheers on Monday from Indigenous leaders and environmentalists despite warnings from oil and mining groups about billions of dollars in lost income.

A ban on oil development in part of the Yasuni Amazon reserve passed with just under 59% approval, with nearly all votes counted. A ban on mining in the Choco Andino forest near Quito has 68% support.

The Yasuni vote - which gives state oil company Petroecuador a year to shutter production in the 43-ITT block - is set to result in the loss of about 12% of Ecuador's 480,000-barrel-per-day (bpd) crude oil output.

Petroecuador said in a statement on social media that it would carry out the actions necessary to comply with the voters' decision."

Alexandra Valencia and Julia Symmes Cobb report for Reuters August 21, 2023.

Source: Reuters, 08/22/2023