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Tuesday, 04 September 2007 |
The government of Ecuador led by President Rafael Correa has decided to
leave in the ground the one billion barrels of heavy oil in the Yasuni
National Park. This is after all not different from avoiding oil
extraction in the Wildlife Refuge in Alaska, or trying to keep down the
level of fishing in Galapagos.
This decision entails a large financial opportunity cost. However,
there are good economic reasons for the Yasuni oil moratorium. The real
costs of oil exploitation are probably higher than the benefits.
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Friday, 31 August 2007 |
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Rory Carroll in Lago Agrio, The Guardian .
Country asks developed world to pay it not to pump - and avoid further pollution of the Amazon rainforest.
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Thursday, 30 August 2007 |
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The
slogans "Yasuní Belongs to Everyone" and "Yes to Life, No to ITT",
painted on the walls in Quito and other Ecuadorean cities in the last
few days, are a sign that something new is happening in this country
by Kintto Lucas
from Inter Press News Service
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Tuesday, 24 July 2007 |
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Under pressure to preserve the environment while at the same time
ease the poverty of his people, Ecuadorean President Rafael Correa has
come up with an unusual solution.
Correa wants wealthy nations
to pay Ecuador $350 million a year in exchange for leaving an estimated
1 billion barrels of oil under the ground in the pristine Yasuni
rainforest.
"I think oil has brought us more bad than good," said Correa
during a recent visit to the bustling Amazonian oil town of El Coca.
"We need to do something about it."
Environmentalists around the
world have celebrated the idea, apparently the first of its kind, as a
way to preserve a delicate environment without creating an economic
burden for the cash-strapped nation where six in ten people are poor.
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Thursday, 12 July 2007 |
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Indigenous communities from Yasuni National Park, home to some of
the most biodiverse primary tropical rainforest on the planet, sent a
message to the world today pleading to save the park from devastation
by the oil industry.
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Wednesday, 04 July 2007 |
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By Rune Geertsen. What does a poor government do when it
finds an oil treasure in a protected natural park? Does it choose
profit, and therefore the pollution and the cultural extinction of
indigenous people that goes with it, or does it leave the oil in the
ground and wave goodbye to millions of dollars that could be spent
fighting poverty?
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Thursday, 28 June 2007 |
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Sir,
In your issue of June 21st you dismiss the tentative decision of the new government of Ecuador to leave in the ground the one billion barrels of heavy oil in the Yasuni National Park.
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Sunday, 24 June 2007 |
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The Economist.
To be green or to be rich, must that be the question?
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Saturday, 09 June 2007 |
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Daily Grist.
Ecuador offers to keep oil in the ground for compensation
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Saturday, 09 June 2007 |
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Alonso Soto, Planet Ark .
QUITO - Ecuador offered on Tuesday to drop plans to
develop the country's biggest oilfield if wealthy nations pay it to
safeguard pristine land near the proposed drill site.
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Friday, 08 June 2007 |
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June 5th: Happy
World Environment Day! As tribute to this day when environmental issues
should take up at least some of our thinking time, it seems an
excellent chance to bring to your attention a novel plan for the ITT
oil development in Ecuador…or should that be undevelopment?
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