Nature Vs. Oil: Ecuador Raises Cash for Its Ecosystem
January 21, 2013
Deutsche Welle / Powered by NewsLook.com
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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