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President Alvarado extended prohibition
on exploiting oil until 2050


By the A.M. Costa Rica staff

President Carlos Alvarado and Environment Minister Carlos Rodríguez signed Executive Decree No. 41578, which extends the moratorium on oil exploitation until 2050.

The decree signed on Monday in the Presidential House says:

Article 1. Refurbish article 1 of Decree 36693-MINAET of August 1, 2011:

"A national moratorium is declared until December 31, 2050, for the activity that has the purpose of developing the exploration and exploitation of oil deposits in the continental and marine national territory."

Regarding his decision to extend the prohibition until the year 2050, President Alvarado said: "the commitment with current and future generations is to keep our country free of activities that could harm our ecological balance."

In signing the new agreement, Minister Rodríguez said that this decree is in line with the government's commitment to decarbonize the economy.

"The country has set out to lay the foundations for a new green economy, promoting the use and sustainable use of natural resources in order to meet the commitments made in the 2030 Development Agenda and this measure responds to that," said Rodriguez.

President Alvarado said that his decision is consistent with the goals that have been established by the government.


Oil022619.jpg
A.M. Costa Rica wire services photo

A national moratorium is declared until December 31, 2050, for the activity that has the purpose of developing the exploration and exploitation of oil deposits in the continental and marine national territory.


The decree establishes that, "In the National De-carbonisation Plan 2018-2050, Costa Rica has declared its aspiration to be a modern, green, emission-free, resilient and inclusive economy, which requires a balance between the long-term vision and immediate actions to move towards an economy that promotes the use and sustainable use of natural resources."

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What other activity of exploitation of natural resources should the government prohibit? We would like to know your thoughts on this story. Send your comments to: news@amcostarica.com

*Link to reach the place on map.


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