Ecuador plans to drill for oil in the Yasuní National Park
reddmonitor.substack.com
Ecuador has abandoned its plans to leave the oil where it belongs under the Yasuní National Park. Ecuador was asking for US$3.6 billion, or half the market value of the 850 million barrels of oil in the Ishpingo-Tambococha-Tiputini (ITT) oil field below Yasuní. Last week, Ecuador’s president Rafael Correa cancelled the plan and announced that “The world has failed us.”
Ecuador plans to drill for oil in the Yasuní National Park
Ecuador plans to drill for oil in the Yasuní…
Ecuador plans to drill for oil in the Yasuní National Park
Ecuador has abandoned its plans to leave the oil where it belongs under the Yasuní National Park. Ecuador was asking for US$3.6 billion, or half the market value of the 850 million barrels of oil in the Ishpingo-Tambococha-Tiputini (ITT) oil field below Yasuní. Last week, Ecuador’s president Rafael Correa cancelled the plan and announced that “The world has failed us.”