Connect with us

Hi, what are you looking for?

Ecuador Political News

Science Magazine – Germany’s Withdrawal of Funding Threatens Plan to Save Ecuador Forest

Update on Ecuador’s plan to forgo oil drilling in a rainforest preserve in exchange for cash payment:

The Ecuadorian government’s plan to keep oil in the ground in Yasuni National Park in exchange for compensation from world governments has taken a severe blow in recent days. Germany had tentatively pledged up to $50 million a year for the so-called Yasuni ITT Initiative but had reportedly been having second thoughts. Last week, the Die Zeit newspaper disclosed that the country was indeed withdrawing its support, and German officials and others involved in the negotiations for the funding have confirmed that decision.

Read More »

Click to comment

You must be logged in to post a comment Login

Leave a Reply


You May Also Like

Chevron Ecuador Blog Posts

1. Steven Donziger Is an Adjudicated Racketeer. The U.S. District...

News & Updates

Disbarred lawyer Steven Donziger likes to present himself to the...

News & Updates

A dishonest campaign is underway to rehabilitate disbarred lawyer Steven...

News & Updates

A Dutch appellate court has rejected Ecuador’s attempt to set...