Browsing the "lower greenhouse gases" Tag

Donors to Pay Ecuador to Keep Oil Underground

January 15th, 2010 | by Susan Kraemer

Here's a novel and timely use of Trust Funds. Ecuador is pioneering the use of a fund to preserve Ecuador's rain forest above an approximately one billion barrel oil field in the Yasuni National Park, permanently foregoing extraction of fossil fuels from the park. In return, the Ecuadorian government has asked for compensation of $350 million a year for 10 years