Germany to pull out of Ecuador’s Yasuni initiative?
reddmonitor.substack.com
Ecuador plans to leave almost a billion barrels of oil in the ground below the Yasuni National Park, in return for US$3.6 billion or about half of the market value of the oil. It’s been hailed as “The world’s first really green oil deal”. In 2008, the German Parliament agreed to support the Yasuni initiative. But now Germany’s Minister for Economic Development and Cooperation, Dirk Niebel, says Germany “will not consider payment into the trust fund”.
Germany to pull out of Ecuador’s Yasuni initiative?
Germany to pull out of Ecuador’s Yasuni…
Germany to pull out of Ecuador’s Yasuni initiative?
Ecuador plans to leave almost a billion barrels of oil in the ground below the Yasuni National Park, in return for US$3.6 billion or about half of the market value of the oil. It’s been hailed as “The world’s first really green oil deal”. In 2008, the German Parliament agreed to support the Yasuni initiative. But now Germany’s Minister for Economic Development and Cooperation, Dirk Niebel, says Germany “will not consider payment into the trust fund”.