Ecuador: so far 300 million dollars pledged not to exploit oil in Yasuní National Park

$64m has been deposited and $187m pledged to help protect Ecuador’s biologically rich rainforest, figures show… More than $300m (£188m) has been promised to stop the exploitation of 846m barrels of oil below the Yasuní national park in Ecuador, one of the world’s most biologically rich areas of rainforest, new figures show. Ecuador’s idea to leave the oil in the soil under the Ishpingo-Tambococha-Tiputini (ITT) area of the park and ask the world to compensate it with half its monetary value was hailed as a revolutionary, if idealistic, new conservation idea when it was first proposed in 2007. Read Article