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Ecuador’s Correa Says to Halt Amazon Oil Project, Kyodo Reports

Sept. 6 (Bloomberg) -- Ecuadorean President Rafael Correa said the nation will halt a Yasuni National Park oil development project in the Amazon river region, Kyodo News reported.

Correa is instead seeking to form a fund with help from the United Nations to protect the environment and improve the lifestyles of indigenous peoples, the Japanese-language news agency said, citing an interview with Correa in Tokyo.

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Kyung Bok Cho at kcho7@bloomberg.net

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