Initiative Raises Money to Keep Oil Companies out of Ecuador

The Yasuni-ITT Initiative has been called many things: controversial, ecological blackmail, revolutionary, pioneering, and the best chance to keep oil companies out of Ecuador's Yasuni National Park. But now, after a number of ups and downs, the program is beginning to make good: the Yasuni-ITT Initiative has raised $300 million, according to the Guardian, or 8 percent of the total amount needed to fully fund the idea. The program, which is the first of its kind, proposes to leave an estimated 850 million barrels of oil untouched in Yasuni National Park if donors worldwide compensate Ecuador for about half of the worth of the oil: $3.6 billion. The money would keep oil companies out of 200,000 hectares known as the Ishpingo-Tambococha-Tiputinin (ITT) blocs.
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  • leon says:

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    hello!…

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