Ecuador’s oil ban presents fraught opportunity for president-elect, likely to be delayed

-> Ecuador’s president-elect has pledged to honor the results of a referendum to ban oil extraction in a large section of the Yasuní National Park.
-> The decision to partially ban oil extraction in Yasuní was heralded as a win by Ecuador’s active environmental conservation movement.
-> However, experts have warned that the referendum’s impact will be limited as the new government attempts to manage its ongoing security crisis.
-> Ecuador’s most pressing national issue is not energy, but security: The country’s homicide rate quadrupled from 2018 to 2023, largely due to a reorientation of international drug trafficking routes and the increased presence of organized crime groups.
-> Limited political capital for the new president and security concerns will likely block a comprehensive shift in energy policy, at least for the immediate future.

Link to the original story: https://www.ibtimes.com/ecuadors-oil-ban-presents-fraught-opportunity-president-elect-likely-delayed-3717272