Ecosystem Finance News

Germany backs out of Yasuni deal

Germany has backed out of a pledge to commit $50 million a year to Ecuador's Yasuni ITT Initiative, reports Science Insider. The move by Germany potentially upsets an innovative program…

Oil, indigenous people, and Ecuador’s big idea

An interview with David Romo Vallejos. Ecuador's big idea—potentially Earth-rattling—goes something like this: the international community pays the small South American nation not to drill for nearly a billion barrels…