Ecuador will reinforce his campaign for the non-exploitation of oil

According to Ivonne Baki, the coordinator of the negotiating committee, Ecuador will strengthen its international campaign to obtain financial contributions in exchange for his proposal to leave underground the oil from the three wells of the Yasuni Amazonian reserve.

Baki, presidential ex-candidate and ex-ambassadress in the United States, announced that she will travel to Washington to meet with representatives of promotion companies whom Ecuadoran government wants to contract to broadcast its Yasuni-ITT project.

The 3 wells in the Yasuni national park would represent incomings for the country estimated at 7000 million dollars. The project proposes to let underground 846 million barrels of oil in exchange for economic contributions of the international community equivalent to half of the estimated profits.

This non-exploitation would avoid the emission of 407 million tons of carbon into the atmosphere.

The president of Ecuador, Rafael Correa, qualified as “disappointing” for the moment the collection of contributions.

After her trip to the United States, Baki envisages visits in Europe to know the status of negotiations with countries such as Germany, Norway, Belgium and Spain. She also plans to promote the Yasuni initiative in Asia and in the Middle East.

Rafael Correa announced that if Ecuador do not receive by December 2011 significant contributions to support this initiative, he will proceed with the exploitation of the Amazonian wells “with the utmost care for the natural and social environment.”