Ecuador: Yasuní-ITT Initiative at risk, may force drilling for oil

miamiherald.com reported that the Yasuní-ITT Initiative was designed to leave more than 846 million barrels of crude oil untouched, in perpetuity, beneath Yasuní National Park — rioting with unknown species and tribes living in voluntary isolation. In exchange, the government asked the world to cover just half of the crude’s $7.2 billion market price.
100 Points to Consider Before Moving or Retiring in Ecuador
But six years after its launch, those goals are proving elusive. The plan has raised less than 10 percent of the $3.6 billion it’s seeking. Ecuador’s government says it has received $116.7 million and has pledges for an additional $220 million — some of it in non-cash cooperation. The United Nations trust fund has just $9.8 million in the bank. Read Article