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Ecuador Leaves Oil Riches in Ground to Save Ecosystem
Seeks compensation from other governments
Ecuador’s decision to forego potentially lucrative oil drilling in the Amazon forest in order to protect a biologically rich and fragile ecosystem is the focus of two documentaries at the Washington Environmental Film Festival.
The decision represents a huge sacrifice for a small South American country which earns half its export revenues from oil.
In 2007, Ecuadorian President Rafael Correa boldly halted operations at one of the country’s most promising wells. That amounts to 25 percent of Ecuador’s known oil reserves, which works out to about 846 million barrels of crude. The oil sits below Yasuni National Park, one of the most biologically diverse places on the planet.
'Two Seconds of Life'
In return Ecuador wants compensation, says Leonardo Wild, an American-born filmmaker who lives in Ecuador. The story unfolds in his documentary, "Two Seconds of Life”" Every two seconds, one hectare of Amazon rainforest is lost. That’s where ...
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