Showing posts with label Amazon's bounty, dilemma,Yasuni. Show all posts
Showing posts with label Amazon's bounty, dilemma,Yasuni. Show all posts

Monday, October 31, 2011

Paying Amazon's bounty for beauty, life and hope

  LUIS Garcia is close to tears. For three days, he has guided eight international journalists through a tract of Amazon so thick with wildlife that experts are yet to fully catalogue its riches. At a small Ecuadorean airport, Garcia gives a final, wet-eyed pitch on the threatened Yasuni National Park. Then, as he speaks, they appear: the flashy watches, slick sneakers and logo-stitched chambray shirts of the oil industry.

In Coca, an industrial smudge of a town on the Amazon's western edge, two types of passengers use the airport. One is oil executives - Spanish, Chinese, American and South American corporates extracting, or eager to extract, the heavy crude beneath the emerald forest. The other is eco-tourists: birdwatchers and backpackers sporting expensive waterproofs and zip-off trousers, headed to the biodiversity haven of the Yasuni. Two industries feeding from the Amazon; but only one is likely to prevail.

Ecuador, and the wider international community, faces a quandary in the Yasuni. It is, scientists believe, the most species-rich spot in the western hemisphere. But an almost irresistible resource lies untapped in the park's underbelly: one-fifth of Ecuador's oil. To solve this dilemma, this poor South American nation has come up with a unique idea that, if successful, could change the way the world deals with its most precious places and provide a concrete way to reduce carbon pollution in developing nations.