The document summarizes Ecuador's Yasuni-ITT initiative from 2007-2013, which aimed to indefinitely maintain the undeveloped oil reserves of 846 million barrels located in Yasuni National Park in exchange for international donations of $3.6 billion. The park contains exceptional biodiversity and some indigenous communities in voluntary isolation. The initiative sought to avoid environmental and cultural risks of oil extraction while obtaining financial compensation. However, the initiative ultimately received less international support than hoped and ended in 2013 with plans for some oil drilling yet to avoid risks to communities in voluntary isolation.
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OFFICIAL PROYECT
It is an official proyect of
government of ecuador from
2007, during the mandate of
Rafael Correa.
Mainting conditions in the area
decreed intangible in 1998 for
the governmend of Jamil
Mahuad.
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The Yasuni ITT Initiative
Iniciative
Biodiversity
Not to put in risk
the existence of
other towns in
voluntary
isolation.
Reserves of
crude oil
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MEANING OF THE
INITIALS IIT
The initials ITT
Ishpingo means -
Tambococha-Tiputini that are
the names of three exploratory
wells that i perforate
petroecuador in 1992.
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WHERE IS LOCATED THE YASUNI-ITT?
The sector the park yasunii located in the
quadrants in the province from Pastaza
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Maintain
indefinitely
undeveloped the
reservations of
846 million
barrels of
petroleum
THE PARK YASUNI
IS THE
RESERVATION
IMPORTANT MA OF
BIODIVERSITY AND
THE PLANET AND
IT HARBORS
The president
intended that the
international
community builds
financially with at
least 3600 million
dollars.
78% of Ecuadorians
supports to the
initiative yasuni.