Save Yasuni National Park
The Yasuni National Park may be the most biologically diverse place on the planet. There are 593 species of birds, 80 species of bats, 150 species of amphibians, 120 species of reptiles, and more than 4,000 species of vascular plants. They have estimated that the insect population could be as high as 100,000 species.
The Park is essential to the protection of all the cultures and species that dwell within. Yet, the Yasuni National Park faces many threats to its preservation. The impact of oil wells within the Park, the opening of roads for oil exploration, and the installation of oil wells have been damaging. Other threats include illegal timber extraction and climate change. Even with these threats a historic opportunity has arisen to secure this natural wonder for generations to come.
In 2007, with the discovery of large oil deposits in the Ishpingo-Tambococha-Tiputini field (ITT field) located northeast of the Park, President Rafael Correa presented before the United Nations the decision to keep oil at ITT field underground indefinitely, if the international community cooperates with Ecuador providing at least half of the profits that the State would receive in the case of exporting oil.
Ecuador is committed to maintain indefinitely untapped the 846 million barrels of oil reserves in the ITT field, located in the Park. The international community will participate with a financial contribution, creating a capital fund to be administered by an international trust, with the participation of the State, Ecuadorian civil society, and contributors.
The fund’s capital will be invested in renewable energy projects in Ecuador, with a fixed and safe return, using the hydro, geothermal, wind and solar power potential in the country to overcome the current dependence on fossil fuels, which accounts for 47% of current energy production.