Tag Archives: Correa

I am Yasuni

5 Apr

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In the heart of the Amazon, within Ecuador’s Yasuní National Park, there are 846 million barrels of oil, equivalent to 20% of the country’s reserves, located in the ITT field. The Yasuní National Park contains the world’s most extensive biodiversity, and is home to two tribes who have voluntarily remained isolated from civilization, the Tagaeri and Taromenane. In 2007, the President of Ecuador Rafael Correa announced at the United Nations’ General Assembly the country’s commitment to preserve indefinitely these reserves. In return, President Correa asks for the international community’s co-responsibility to preserve the environment, by asking contributions totaling 3.6 billion dollars over 13 years, equivalent to less than 50% of the oil’s estimated market value. The funds are administered by the United Nations Development Programme (UNDP) and will fund projects that meet defined objectives, thus guaranteeing transparency and effective use of resources.