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  1. #1
    Superwoman Red Herring's Avatar
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    Jun 2010
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    Default The Yasuní ITT initiative and the concept of global co-responsibility

    Last night I attended a conference on the Yasuní ITT initiative.

    Here's a brief summary of what this is about.

    Yasuni-ITT Initiative is a proposal by the government of Ecuador to refrain indefinitely from exploiting the oil reserves of the Ishpingo-Tambococha-Tiputini (ITT) oil field within the Yasuni National Park, in exchange for 50% of the value of the reserves, or $3.6 billion over 13 years from the international community.[1] Various economic rationales converge on roughly the same payment.[2] The reserve has around 846 million barrels, or 20% of the countries proven oil reserve. The rationale is to conserve biodiversity, protect indigenous peoples living in voluntary isolation, and avoid CO2 emissions. The Yasuni-ITT Trust Fund was officially launched on 3 August 2010.[citation needed] It will be administered by the Multi-Donor Trust Fund of the UNDP. The government needs to receive the first $100 million by the end of 2011 for the proposal to be carried out further.
    The project is still under discussion. The previous German government announced its support but the current German secretary of developement is against this project. There are a lot of supporters in the international community (it had a favorable hearing at the United Nations) but also a lot of enemies, and not only from Big Oil. The Ecuadorian government is shaky about this and will need a nudge from the international community (i.e. the public sphere in North America, Europe and other industrial nations)

    Assuming we are all familiar with the damages oil exploitation has caused in the Amazonas (severe ecological damage, at leats two indiginous people have been completely exterminated, not exploiting the ITT oil would save 410 million tons of CO2 emmisions, the area has the world's highest biodiversity and portentially contains a lot of unknown medical herbs and an extensive genetic treasure chest, also functions as a green lung, etc) and leaving aside for a moment what you think of the current Ecuadorian government of Rafael Correa and its trustworthiness and that the country urgendly needs some money in one form or another....

    ... what do you think of the underlying idea that natural ressources like the Amazonian rainforest affect the whole world and are therefor the responsibility of the entire humanity? The idea is that Ecuador would safeguard this global ressource for and in the name of the rest of the world and the international community would in exchange support Ecuador for this protection by paying it not to exploit the oil. This assumes a whole new dimension of global solidarity, co-responsibility and interaction though the principle is in fact somewhat similar to emission trading.

    Great idea? Stupid idea? International communist conspiracy?
    The good life is one inspired by love and guided by knowledge. Neither love without knowledge, nor knowledge without love can produce a good life. - Bertrand Russell
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  2. #2
    failure to thrive AphroditeGoneAwry's Avatar
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    Feb 2009
    451 sx/so
    ENFj Ni


    What's indefinitely? 100 years? 50 years? 20?

    Yeh, whoever falls for that deserves to.
    4w5 5w4 1w9
    ~Torah observant, Christ inspired~
    Life Path 11

    The more one loves God, the more it is that having nothing in the world means everything, and the less one loves God, the more it is that having everything in the world means nothing.

    Do not resist an evil person, but to him who strikes you on the one cheek, offer also the other. ~Matthew 5:39

  3. #3
    RETIRED CzeCze's Avatar
    Join Date
    Sep 2007


    Wow, this is possibly the most literate headline posted in Politics right now so I just thought it deserved a nod. Plus I want to use big words with you and smoke cigars in public while discussing the Secretary General and the Tokyo Protocol. Is there a cigar smoking emoticon? Because I need to put it --> ::here::

    Oh but for real, is this related to the indigenous groups trying to get the dam from being built in the Amazon?

    Of course hippie me thinks its a shame people who live in areas all these proposed energy plans are proposed rarely get any input into what going to happen (or not)
    “If you want to tell people the truth, make them laugh, otherwise they'll kill you.” ― Oscar Wilde

    "I'm outtie 5000" ― Romulux


  4. #4
    Senior Member Lateralus's Avatar
    Join Date
    May 2007


    The only thing that can really stop us drilling indefinitely is if it becomes too expensive economically, and not just because of a tax or regulation. If we can reach the point where producing synthetic petroleum/diesel is cheaper than drilling for oil, then we'll be able to realize this. Until then, initiatives like this are really just a pipe dream. If this thing passes, drilling will just be relocated to some other environmentally sensitive place.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

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