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Ecuador tries novel balance of oil and environment



By Alonso Soto
23 July 2007 @ 12:55 am ET


An aerial view of the River Napo located at the Yasuni Park
An aerial view of the River Napo located at the Yasuni Park is seen in this file photo taken on May 15, 2007. Under pressure to preserve the environment while at the same time ease the poverty of his people, Ecuadorean President Rafael Correa has come up with an unusual solution. Correa wants wealthy nations to pay Ecuador $350 million a year in exchange for leaving an estimated 1 billion barrels of oil under the ground in the pristine Yasuni rai...
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But supporters of Correa's idea say the best way to limit the migration to the park is to ensure there are no oilfield jobs to draw them there.

"Oh God, what I wouldn't do to halt oil development," said Alonso Jaramillo, chief of eight rangers that watch over the park, roughly the size of Vermont. "I shake every time I hear about new oil development in my park."

Copyright 2009 Thomson Reuters. All rights reserved.

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