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Environmental, Campaign & Website News > Ecuador pledges no oil drilling in Amazon reserve

Ecuador pledges no oil drilling in Amazon reserve

Date : 4th August 2010, Source : BBC Link to News Story



Ecuador has agreed to refrain from drilling for oil in a pristine Amazon rainforest reserve in return for up to $3.6bn (2.26bn) in payments from rich countries. Under a pioneering agreement signed with the United Nations, the oilfields under the Yasuni reserve will remain untapped for at least a decade. The money is about half of what Ecuador would make by selling the oil.

http://www.bbc.co.uk/news/world-latin-america-10861415





Document last updated on Tuesday 30 August 2011

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