Friday, August 16, 2013

Remember when Ecuador was offered hundreds of millions of dollars not to destroy the weather by drilling for oil? They've decided to drill for oil

UPDATE 1 -Ecuador scraps forest protection plan to drill for oil - News - Point Carbon
QUITO/SAO PAULO, Aug 15 (Reuters Point Carbon) – Ecuador will open the biodiversity-rich Yasuni national park after the government’s proposal to freeze exploration and protect the forest in return for $3.5 billion failed to gain enough international support.
Jan. 2013: NGOs and academics come up with clever bad-weather-prevention plan: Get unnamed other people to pay Ecuador 3600 million dollars to promise never to sell its oil
Working with NGOs and academics, Acosta prepared two options – "Plan A", as it became known, was a revolutionary scheme to leave the oil in the ground in perpetuity in return for half of its value (around $3.6bn)...The UN has now set up the Yasuni fund and, led by a $50m donation from Germany, more than $300m has been offered or received

No comments: