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

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