Wednesday, 8 December 2010

BEDiD 8: Ecuadorian Amazon

It's been a long day today. Had some iffy family news and was revising for exams all day. Was productive, but didn't have a lot of time to consider a blog, so today will be a bit of a cop out.

I want to link you to a story where the Ecuadorian government has managed to get the international community to compensate them for laying aside oil field located in the amazon rainforest. They have asked for what they estimate to be half the yearly profits per anum if they were to capitalise on the oil fields US$3.6billion. Germany, Spain, France, Sweden and Switzerland, are some countries that have stepped forward to provide the compensation. The plan has two main benefits; leaving the oil for future generations and protecting ons of the most intact parts of the Amazon in Ecuador. In principle it sounds like a fantastic idea, but do you think it is a practice that will catch on in other regions? Have a read here and feel free to tell me your thoughts.

Proper blogs coming soon, but you know I enjoy hearing your thoughts.

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