QUITO - Ecuador's suspension of a decree enabling environmental consultations prior to the licensing of industrial and mining projects has paralyzed investments worth $2-billion, business associations said on Wednesday.Guillermo Lasso
The decree issued in May allowed the consultations for communities in areas close to the industrial and extractive projects to be used to obtain environmental licenses, seeking to speed up permitting., president of the Ecuadorean Chamber of Mining. "This means freezing $2-billion in investments for a series of projects."
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