Ecuador claims it has met first goal of raising money to keep oil in ground

Posted on December 6, 2011 • Filed under: Economy, Ecuador, Enviromental Issues, Oil, Politics

An innovative Ecuadorean plan to leave more than 900 million barrels of crude oil untapped and beneath a pristine nature reserve, in exchange for international donations, has survived its first deadline, Ivonne Baki, the project coordinator told The Miami Herald. The Yasuní-ITT initiative has met the initial goal of raising $100 million before year’s end, she said Monday. Read Article

Share This Story
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • email