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The President of the Republic of Ecuador, Rafael Correa, has indicated that the first option for the country is to leave the crude oil of Yasuní untouched underground. The idea is to stimulate the national and international society to contribute in this expensive national decision. The government expects, through this mechanism, to recover 50% of the income it would have obtained by extracting the crude oil.
The State will emit certificates for the crude oil of Yasuní, and promise to keep the crude underground forever and use the funds to better protect Yasuní National Park.
The arguments in favour of this proposal are:
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Latest News
Tuesday, 08 April 2008
UpsideDownWorld Quito,
Ecuador — On a clear day, high in this Andean capital city, the nearby
volcanoes glisten in the distance under the equatorial sun. Of the five
visible volcanoes, the most startling is Cotopaxi — both for...
Tuesday, 25 March 2008
Corpwatch by Agneta Enström. Manuela Omari Ima, a Waorani woman from the Ecuadorian Amazon, was
born in the Yasuni National Park, a 2.5 million acre primary tropical
rainforest at the intersection of the Andes, the Amazon and...
Monday, 03 March 2008
Brooke Jarvis, YES Magazine.
Rafael Correa won the Ecuadorian presidency on the strength of his
promises to deliver much-needed social programs to his country’s
largely impoverished population. He also pledged to protect...
Thursday, 24 January 2008
QUITO, Jan. 24 -- Ecuadorian President Rafael Correa Thursday ordered
the creation of the ITT Yasuni Project Technical Secretariat to avoid
the exploitation of the Ishpingo Tambococha Tiputini (ITT) oil field in
an Amazonian natural reserve.
Wednesday, 09 January 2008
MRZine by Patrick Bond
Amidst her welcome critique of the biofuel mania, Vandana Shiva's
ZNet commentary last month (December 13, 2007) also made this point:
"The Kyoto Protocol totally avoided the material challenge of...
Thursday, 13 December 2007
Joan Martinez-Alier and Leah
Temper
Kyoto has failed.
Despite so many admonitions from the IPCC, the reality is that
emissions of carbon dioxide in the world are going up by over 3 per
cent per year. This is the failure of the...
Monday, 01 October 2007
Point Carbon. Ecuador wants an initiative to avoid deforestation by preventing oil extraction at a national park to be considered for inclusion as a flexible mechanism in the successor treaty to the Kyoto protocol, according to its ministry of...
Thursday, 27 September 2007
A
STEP TOWARDS A SUSTAINABLE ECONOMY
Within
the framework of the Clinton lobal Initiative (CGI), the Ecuadorian
Proposal “Leaving Ecuador’s Oil in the Ground: Avoiding Carbon
Emissions and Saving the Yasuni Rainforest: Yasuni-ITT...
Wednesday, 26 September 2007
SPEECH
OF THE PRESIDENT OF THE REPUBLIC OF ECUADOR EXCELLENCY
RAFAEL CORREA
HIGH
LEVEL DIALOGUE ON CLIMATE CHANGE OF THE 62 PERIOD OF SESSIONS OF THE
GENERAL ASSEMBLY OF THE UNITED NATIONS
New
York, September 24th,
2007
Tuesday, 25 September 2007
Daniel Gordon, BBC News . The Yasuni National Park in Ecuador is reckoned to
be one of the most biodiverse regions on the planet. Beneath it,
though, lie an estimated one billion barrels of oil.
The Ecuadorean government has begun negotiating...
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