02 Jan '12, 5pm

Ecuador makes $116 million to not drill for oil in Amazon

Ecuador makes $116 million to not drill for oil in Amazon

Yasuni ITT: the virtues and vices of environmental innovation (12/07/2011) As the 17th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) is taking place in Durban, Ecuador has embarked on the development of a project presented as highly innovative. This project targets Yasuni National Park, which has been protected since 1979. Yasuni is home to several indigenous peoples and is a biodiversity hotspot. But it so happens that the park also sits atop a vast oil field of 846 million barrels, representing about 20 percent of the country’s oil reserves. The acronym Yasuni ITT stands for Ishpingo-Tambococha-Tiputinin, which are the names of three potential zones for oil extraction. New map reveals the most biodiverse place on Earth, but already threatened by oil (09/22/2011) A new map highlights the importance of conserving Yasuni Nat...

Full article: http://news.mongabay.com/2012/0102-hance_yasuni_donations...

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