climateandcapitalism.com
Ecuador Seeks to Leave Amazon Oil Underground
by Kintto Lucas from Inter Press News Service QUITO, Aug 23 (IPS) - The innovative offer by the government of Ecuador to refrain from exploiting its largest oil reserve, in exchange for international compensation for nature conservation, is attracting increasing support. While oil prices are soaring, Quito is adopting the civil society initiative calling for the Ishpingo-Tiputini-Tambococha (ITT) oil reserve, the country's largest, to remain untapped. The ITT reserve is located in Yasuní National Park, one of the most biodiverse areas in the world, in the Amazon region provinces of Pastaza and Napo. The slogans "Yasuní Belongs to Everyone" and "Yes to Life, No to ITT", painted on the walls in Quito and other Ecuadorean cities in the last few days, are a sign that something new is happening in this country. The idea was set forth by local environmental organisations like Acción Ecológica, has been promoted by former minister of mines and energy Alberto Acosta, and was taken up by left