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Why Ecuador's president is misleading the world on Yasuni-ITT

2013-10-15 13:27:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The decision by Ecuador's president Rafael Correa to abandon a plan to permanently forgo exploiting hundreds of millions of barrels of oil in return for at least US$3.6bn in compensation the "Yasuni-ITT Initiative" has sparked severe non-state media criticism in Ecuador, calls for a referendum, protests in numerous cities and embassies around the world, and an international outcry. Here are just four ways in which Correa's attempt to explain his decision are misleading: 1. In the TV speech...

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The case against Ecuadors claims of 'low-impact drilling' in Yasuní

2013-09-16 20:37:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: Ecuadors President Rafael Correa recently announced to the world that he was ending the 6-year initiative aimed at avoiding oil drilling in a critical piece of the Amazon, the ITT Block of Yasuní National Park. In the speech, and the accompanying Decree, the President emphasized that the exploitation will affect less than 1% of the park. In subsequent remarks, President Correa indicated that the impacted area would be less than 0.001%. Thus, the new government pitch: minimum impact, maximum reward....

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Why Ecuador's president has failed country over Yasuní-ITT

2013-09-04 11:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Ecuador has had the opportunity to bring about environmental change, but this has been thwarted. In mid-August, a plan to leave oil in the ground in one part of the Ecuadorian Amazon rainforest was dismissed by President Rafael Correa. He argued that the world has failed Ecuador by contributing little of the money the government had hoped to raise, and said the oil revenues would be used to end poverty. We always knew it would be difficult to cut through the oil interests. Indeed, doubts had been...

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Ecuadors Yasuni-ITT Initiative Failed, Whats Next?

2013-08-23 16:19:00| Climate Ark Climate Change & Global Warming Newsfeed

Environment News Service: We`re all extremely disappointed by the decision of President Rafael Correa to approve oil drilling in the Ishpingo-Tambococha-Tiputini area of Yasuni National Park and cancel the trust fund that would have compensated the country for leaving the oil underground, although it certainly did not come as a surprise. Various fronts are already planning protests and next-step strategies. The easiest thing in the world is to point fingers. Just whose fault is the failure of the Yasun­-ITT Initiative?...

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Ecuador's president abandons no-drilling plan

2013-08-16 15:35:53| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: President Rafael Correa said Thursday that he has abandoned a unique and ambitious plan to persuade rich countries to pay Ecuador not to drill for oil in a pristine Amazon rainforest preserve. Environmentalist had hailed the initiative when Correa first proposed it in 2007, saying he was setting a precedent in the fight against global warming by lowering the high cost to poor countries of preserving the environment. "The world has failed us," Correa said in a nationally televised speech. He...

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