Ecuador worked in secret oil deal with Chinese while pledging to protect Yasuni per newspaper

theguardian.com reported that…Ecuador pursued China oil deal while pledging to protect Yasuni, papers show
Negotiations took place while the country sought funds to forgo oil exploitation in pristine forest under the Yasuni-ITT scheme.
The Ecuadorian government was negotiating a secret $1bn deal with a Chinese bank to drill for oil under the Yasuni national park in the Amazon while pursuing a high-profile scheme to keep the oil under the ground in return for international donations, according to a government document seen by the Guardian.

The proposed behind-the-scenes deal, which traded drilling access in exchange for Chinese lending for Ecuadorian government projects, will dismay green and human rights groups who had praised Ecuador for its pioneering Yasuni-ITT Initiative to protect the forest. Yasuni is one of the most biodiverse places in the world and home to indigenous peoples – some of whom are living in what Ecuador’s constitution calls “voluntary isolation”. Read Article

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