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Andres Andrade's Fundraiser:

Yasuni-ITT Initiative

BENEFITING: EARTH DAY NETWORK INC

Andres Andrade

THE STORY:

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The Yasuni National park located in the Ecuadorian Amazon Rainforest is the most bio diverse place on the planet, and home to nearly two dozens threatened species and 2 indigenous tribes living in voluntary isolation. Its future is in danger, we're doing everything we can to ensure its survival, but we need your help!

Large deposits of heavy crude oil have recently been confirmed in the ITT (Ishpingo- Tambococha-Tiputini) fields of the Yasuni National Park. In 2007, president Rafael Correa announced to the United Nations that Ecuador had decided to maintain the crude oil in the ITT field indefinitely underground, hereby putting social and environmental issues at the top of the national agenda while exploring other ways to benefit the country economically.
The essence of the Initiative is Ecuador ́s commitment to refrain from exploiting proven reserves of 846 million barrels of heavy crude oil, thus preventing the emission of 1,2 billion tons of CO2. The repercussions of digging the oil in such a fragile hotspot of biodiversity are endless; with this project Ecuador is offering a concrete and innovative proposal that contributes to the reduction of global CO2 emissions, the conservation of biodiversity and the preservation of the indigenous communities living in that area.
If the international community cooperates with Ecuador by contributing at least half of the revenue that the State would receive by extracting the oil, the State would initially assume up to half of the opportunity cost of keeping the oil in the ground.

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