The Yasuni ITT initiative vs the petroleum industry

In this post I would like to talk about a really interesting but at the same time, very alarming situation which is the Yasuni ITT initiative; this is a  project held by the ecuadorian government that has as mainly objective the preservation of the most biologically diverse region on the planet, the region of Ecuador`s amazon between the rivers Ishpingo, Tiputini and Tambococha (ITT), by preventing the extraction of petroleum, protecting indigenous people that live in this place and avoiding CO2 emissions, in exchange of a donation from  countries members of the International Community, this donation is about the 50 percent of the value of the reserves or 3.6 billion dollars in a space of 13 years from the expedition of this initiative in the year 2007.

It is important to mention that as this place is considered the most bio diverse region on the planet, it also has the 20 percent of Ecuador`s petroleum reserve, which means that a lot of businesses, including the government are pursuing to take advantage of it, and the most alarming fact is that this project is not being successful.

It is undeniable that if the drilling of petroleum in this region comes a reality it will be a huge problem for all the world, for our environment, for our future; but it`s also indisputable that Ecuador as a country needs the incomes that it can offer, as it is a developing country. So now the big question is, “What this country and the businesses should do? Keeping attached to what`s ethically good or start to think more about the economic issues of the country and the incomes they can obtain?

You can learn more about this by clicking in the following links: http://mptf.undp.org/yasuni  http://searchlightcatalysts.org/node/241/Practices                 https://www.youtube.com/watch?v=cr3oep32SzE

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