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Nature Vs. Oil: Ecuador Raises Cash for Its Ecosystem

January 21, 2013
Deutsche Welle / Powered by
The Yasuni National Park on Ecuador's northeastern border with Peru is said to host one of the richest biodiversities on Earth. But oil drilling and logging threaten the forest and its indigenous peoples. The state "Yasuni ITT" initiative has agreed to leave 846 million barrels (approx. 135 billion liters) of oil in the ground in return for cash donations from the world community. The Ecuadorean state has set up a United Nations-administered trust fund, parts of which are to go to develop tourism, education and renewable energy resources.

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last updated on 2015-03-30 at 4:27 pm EDT

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Oil Over Water in Ecuador

Oil Over Water in Ecuador

3BL Media (Mar. 26, 2013) — Oil Over Water in Ecuador
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Oil and Russia Hit BP Profits

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Reuters - Business Video Online (Oct. 28, 2014) — Oil major BP increases dividends in the third quarter as it sees a jump in operating cash flow. As Amy Pollock reports that's despite lower oil prices and a steep drop in contributions from Russia where a depreciating rouble hits its income. Video provided by Reuters
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Lawmakers Ask for Fuel Cell Tax Breaks

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3BL Media (Sep. 21, 2012) — Lawmakers ask for fuel cell tax breaks; the Fraser Institute ranks five best places for oil and gas investments; EPA raises biofuels targets for 2013.
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