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| Caribbean-Latin America |
| Ecuador's 'Amazon bonds': how to raise $3.6bn for doing nothing |
| 2010-08-05 |
| The unusual deal is part of a new United Nations initiative to persuade energy-rich countries not to drill for oil and gas in environmentally sensitive areas. Ecuador has therefore agreed not to touch three oil fields in the Yasuni region of the Amazon for the next ten years, if rich countries buy enough 'Amazon bonds'. Under the terms, donating nations pay an amount per year for a decade - receiving no dividend except an environmental one. I offer a better deal, for 100 bars of gold bullion, I will do nothing for the rest of my life. |
| Posted by:Anguper Hupomosing9418 |