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In 2007, the Ecuadorian government surprised the world with an unprecedented and revolutionary proposal: it was committed to keeping the oil reserves of the ITT field indefinitely underground in the Yasuní National Park, recognized as a Biosphere Reserve by UNESCO (1979).
The Government called for an international economic commitment to cover, at least, half of what it had planned to obtain if oil was exploited. Although the deadlines have been extended, and the proposal has been well received by the international community, the national and international uncertainty about the real future of the same is growing. The exploitation of the ITT would be a great detriment to the sustainable and sustainable development of nearby communities . We believe that there are much more viable development alternatives for these communities.
The Government called for an international economic commitment to cover, at least, half of what it had planned to obtain if oil was exploited. Although the deadlines have been extended, and the proposal has been well received by the international community, the national and international uncertainty about the real future of the same is growing. The exploitation of the ITT would be a great detriment to the sustainable and sustainable development of nearby communities . We believe that there are much more viable development alternatives for these communities.