Pages

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:

Post a Comment