keep the oil in the soil
Contextualizing Yasuní.
(This article was first published in an abridged version by CarbonWeb)
The Ecuadorian National Park and UNESCO Worldwide Biosphere Reserve, Yasuní, has recently become the main stage for discussions alluding to, insisting on, and negotiating pathways to an oil-free future – or rather to a future where oil remains undisturbed in its subterranean place of origin. Some oil at least. The “Leave the oil in the soil” proposal, instigated by environmental grassroots organisations, and taken on by Ecuadorian president Rafael Correa, who announced it at the UN High Level Meeting on Climate Change last September, is to not drill for oil in some parts of the Yasuní National Park. Ecuador will leave the Ishpingo-Tambococha-Tiputini (ITT) oil fields untouched in exchange for international compensation. Compensation of about US$ 450 million per year for ten years would entail a commitment by the South American state not to exploit nearly 920 million barrels of petroleum, and hence has been presented as preventing the emission of around 111 million tons of carbon. (At the moment Ecuador is South America’s fifth-largest oil producer, with a daily production of about a half-million barrels of crude.)
It seems that the neo-socialist revolution in Ecuador has found its sunshine story that has already inspired similar proposals with regard to oil and other natural resources in several other countries. But behind this glamorous initiative lurks the reality of the wider project of Ecuadorian reform in the context of contemporary geopolitical change. Read the rest of this entry »
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