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The Guardian – Ecuador pursued China oil deal while pledging to protect Yasuni, papers show

Date: Feb 20, 2014

The Ecuadorian government was negotiating a secret $1bn deal with a Chinese bank to drill for oil under the Yasuni national park in the Amazon while pursuing a high-profile scheme to keep the oil under the ground in return for international donations, according to a government document seen by the Guardian.

The proposed behind-the-scenes deal, which traded drilling access in exchange for Chinese lending for Ecuadorian government projects, will dismay green and human rights groups who had praised Ecuador for its pioneering Yasuni-ITT Initiative to protect the forest. Yasuni is one of the most biodiverse places in the world and home to indigenous peoples – some of whom are living in what Ecuador’s constitution calls “voluntary isolation”.

The initiative – which was abandoned by Ecuador’s government last year – is seen as a way to protect the Amazon, biodiversity and indigenous peoples’ territories, as well as combat climate change, break Ecuador’s dependency on oil and avoid causing the kind of social and environmental problems already caused by oil operations in the Ecuadorian rainforest.

“This raises serious doubts about whether the government was truly committed to keeping ITT oil in the ground,” said Atossa Soltani, from NGO Amazon Watch and a former ambassador for the initiative. “While we were promoting the Yasuni initiative to donors, the government was offering ITT’s crude to China.”

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