Environment News Service: In 2007, for the meager sum of US$3.6 billion, Ecuadors President Rafael Correa offered the world a chance to buy into a conservation plan, called the Yasuní-ITT Initiative, to save his countrys easternmost sector from oil extraction.
The ITT concession area, named for three sites within its boundaries Ishpingo, Tambococha and Tiputini makes up about 1/12th of the Yasuní Biosphere Reserve. It represents an opportunity to conserve up to 10 percent of all species on the planet.
This Initiative...