Ecuador Paid £75m to Halt Plans to Extract Oil from its Rainforest

A group of European social groups, governments, film stars, Japanese interest groups, corporations and Russian social groups have all come together to encourage oil companies to halt it plans to exploit 900m barrels of crude oil from one of the world's most biodiverse tract of rainforest in the world.


The group has so far raised £75m (US$116m), enough to halt the exploitation of the beautifully endemic Yasuní National Park landscape. Home to the vastest species of mammal, bird, amphibian and plant to be found anywhere in the world. The forest is also the home to two different tribes of uncontacted Indians.


Ecuador had promised to halt it plans to exploit the landscape if it could raise at least 50% of the expected $7.6bn revenue that could be earned. Which lead to millions offered by governments in Germany, France and Belgium, a New York investment banker donated her annual salary, and various contributions from Bo Derek, Leonardo DiCaprio, Edward Norton and Al Gore. The country even got a $51m debt right-off by Italy to encourage it to halt its plans.


Other world governments that pledged support include Chile, Colombia, Georgia and Turkey, Peru, Australia and Spain.


The biological richness of Yasuní has been a remarkable beauty which attract scientists, tourists and researchers. The area is known for its very vast collection of uncommon creatures and was said it would take somewhere in the region of 400 years to actually record the vast species of birds, insect and fishes found in the forest.

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Tags: Ecuador, Exploit, Extract, Halt, Nature, Oil, Paid, Plans, Rainforest, Stop, More…to, £75m

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