Ecuador Puts a Price Tag on Untapped Oil
Ecuador plans to forgo drilling for oil in one of the world’s most diverse ecosystems, in exchange for money from the developed world.
In the coming weeks, Ecuador aims to sign a unique agreement to forgo drilling for oil in a huge plot of this rain forest in exchange for money. The idea is that contributions from industrialized nations and, potentially, from corporations would make up for the badly needed petroleum revenue that the South American nation would lose by keeping the fossil fuel underground.
DON'T MISS THE REST OF THIS STORY!
Create a free account to continue and get unlimited access to hundreds of Nat Geo articles, plus newsletters.