robertr
4 years ago1,000+ Views
Ecuador is sitting on $3.6 billion worth of oil reserves. Currently, these reserves are untapped because of one key reason--they're right in the middle of an important national park. Drilling would result in 410 million tons of carbon dioxide emissions. So Ecuador's President Correa came up with a proposal--if the global community would donate the $3.6 bn to the small South American country, then it wouldn't drill in Yasuni National Park. This proposal has been going on since 2007, and so far $13 million has been raised (a tiny percent). On Thursday, Correa said he would propose legislation to begin oil exploration in the park-undoubtedly a sad development.
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