The Guardian: World pays Ecuador not to extract oil from rainforest
According to the UN, the “crowdfunding” initiative had last night raised $116m (£75m), enough to temporarily halt the exploitation of the 722 square miles of “core” Amazonian rainforest known as Yasuní national park in Ecuador .. The idea of asking people to pay for something not to take place was widely dismissed by national treasuries as holding the world to ransom. The German development minister, Dirk Niebel, said that the principle of paying for the oil not to be exploited “would be setting a precedent with unforeseeable referrals”. However, Germany has now contributed $48m in “technical assistance”. The former Italian prime minister Silvio Berlusconi was widely criticised after he wrote off $51m of Ecuador’s $10bn external debt as Italy’s contribution
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This entry was posted on Friday, December 30th, 2011 at 10:01 AM and filed under Americas (incl. Carribean), Articles, Economics, Energy, Environment, Peace. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.
