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See more Images of May Follow Reuters Facebook Twitter RSS YouTube Read Obama spares many illegal immigrants deportation | 3:37am EDT "Moesha" actress Yvette Wilson dies at age 48 15 Jun 2012 "Forest boy" made up story: German police 15 Jun 2012 Voyager space probe reaches edge of solar system 15 Jun 2012 Joy and anger as Obama relaxes deportation rules 15 Jun 2012 Discussed 120 Most say Bush to blame for weak U.S. economy, poll finds 108 Analysis: Obama gambles by asking for more time to fix economy 106 China could impound European planes in carbon row Watched U.S. Morning Call: Greek stocks soar; Nokia job cuts Thu, Jun 14 2012 Bodies found after Peru avalanche Thu, Jun 14 2012 New NASA telescope a black hole hunter with X-ray eyes Wed, Jun 13 2012 Mexico cancels big tourism project after civic pressure Tweet Share this Email Print Related News Hurricane Carlotta strengthens off Mexico's Pacific coast Fri, Jun 15 2012 Obama to meet Hu on sidelines of G20 Fri, Jun 15 2012 Australia creates world's biggest marine park, bans drilling Thu, Jun 14 2012 Mexican leftist says will respect presidential vote result Wed, Jun 13 2012 Brazil raises G20 stakes on IMF funding pledge Wed, Jun 13 2012 Analysis & Opinion Man’s world: poll highlights best and worst G20 countries for women An eye on environmental justice Related Topics World » Mexico » By David Alire Garcia MEXICO CITY | Fri Jun 15, 2012 11:06pm EDT MEXICO CITY (Reuters) - Mexican President Felipe Calderon announced the cancellation of a $2 billion tourist development in Baja California on Friday, bowing to opposition by environmentalists that said the plan was a threat to a nearby coral reef. Planned by Spanish developer Hansa Urbana, the Cabo Cortes project was to have built on the southeastern tip of the Baja California peninsula and due to include lots for 15 hotels, golf courses, a large marina and jet strip. But the development, which Hansa Urbana had valued at $2 billion, was only 6 miles from the Cabo Pulmo National Marine Park and its renowned coral reef system. "The Cabo Cortes project will not be carried out," Calderon said on Friday, citing its uncertain environmental impact. He pledged to help investors develop a sustainable new project in its place. Hansa Urbana said it plans to submit a revised proposal that would strike a balance between economic development and "environmental sustainability." It did not provide a timetable. Hansa's original proposal envisioned a roughly 4,000 hectare (10,000 acre) development covering a picturesque landscape of white sand beaches edged by mountains and desert about an hour's drive from the Los Cabos International Airport. The Environment Ministry first approved the project in 2008 and Calderon's announcement caps years of legal battles over permits for it that were granted and then revoked due to environmental concerns. The decision by Calderon, who hosts a summit of leaders from the Group of 20 economies in Los Cabos on Monday, was hailed by environmental groups that have campaigned against Cabo Cortes due to threats to the area's clean water supply and marine life. "We consider it a great achievement for all the citizens who voted for the conservation of Cabo Pulmo," said Alejandro Olivera of Greenpeace Mexico. Calderon, a conservative, is in his final year as president and legally barred from seeking re-election. The fate of any new development likely will fall to his successor. (Reporting By David Alire Garcia; Editing by Bill Trott) World Mexico Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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