Ecuador will receive 3.6 billion $ not to drill for oil in a historic pact

The race for oil drilling is tougher than ever, and the effects are quite often extremely damaging for the environment (I’m sure pretty much everybody knows about the BP oil spill already). However, the UN has come up with an initiative, the first of its kind, that promises to protect at least a handful of special environments. Such is the case with the Yasuni National Park, in Ecuador.

The Park is one of the most biologically diverse parts of the Amazon rainforest, and the Ecuadorian government signed not to destroy this pristine landscape at least for a decade, in the exchange of 3.6 billion dollars. The deal finalized, and U.N. Development Program associate administrator Rebeca Grynspan issued this statement:

We are witnessing the inauguration of new instruments of cooperation, which will act as a basis for supporting other national and international efforts directed toward the search for economies that are in harmony with society, nature and the planet.

With the sum being quite significant for Ecuador, they would probably made twice as much (or even more) from exploiting the oil located beneath the Yasuni Park – but at a huge cost. Currently, the U.N. are trying to work out similar arrangements with countries who plan on drilling in such areas.

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