Are They Green For Real? Follow the Money!


	Are They Green For Real? Follow the Money!

nedhamson1

9-3-2009 6:45 PM

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tags:

amazon, equador, green_germans

nedhamson1 says:

Watch their feet or follow the money if you want to know if someone is really in favor of something. In this case, it seems Germany is putting money up to help save Amazon Forest!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/05343c76-07c2-42cd-9525-f9e45c91ea0a/70538AD7-791B-4B1B-AE41-3C7745341851/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.mongabay.com/2009/0902-ecuador.html" href="http://news.mongabay.com/2009/0902-ecuador.html" style="font-size: 11px;">news.mongabay.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.mongabay.com/2009/0902-ecuador.html"><B>Germany to pay Ecuador $650 million to forgo oil drilling, protect rainforest reserve
mongabay.com
September 03, 2009
</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.mongabay.com/2009/0902-ecuador.html"><DIV>
Business Green reports that Germany will provide Ecuador with $650 million over the next 13 years to fund a transition to a low carbon economy, while forgoing development of oil reserves in the Ishpingo-Tambococha-Tiputini (ITT) concession of Yasuni National Park.  Ecuador would still need to raise another $310 million by 2011 however to make the project a reality.  The government believes the total cost of protecting the area permanently would be $3.6 billion, or roughly half what the state would receive from auctioning off the reserve to drillers.
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