1.
Sex tape spliced into graduation video
QUITO, Ecuador, Aug. 5 (UPI) -- A trust fund for Ecuador will hold $3.5 billion as part of an effort to protect its Yasuni National Park from the drilling of oil reserves, a U.N. agency said.
The U.N. Development Program announced it reached an agreement with Ecuador to set up the trust fund to protect the national park.
"We are witnessing the inauguration of new instruments of cooperation, which will act as a basis for supporting other national and international efforts directed toward the search for economies that are in harmony with society, nature and the planet," said Rebeca Grynspan, UNDP associate administrator, in a statement.
The Yasuni National Park was listed as World Biosphere Reserve in 1989. The estimated 846 million barrels of oil that are believed to be lying beneath the park will be left in place under the U.N. deal, UNDP announced.
Apart from preserving the national park, UNDP said the preservation will keep more than 400 million tons of harmful emissions from reaching the atmosphere.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
BAGHDAD, May 31 (UPI) --
Iraq's fourth energy auction has flopped, denting hopes of challenging Saudi Arabia as the world's top producer.
|
THOUSAND OAKS, Calif., May 31 (UPI) --
Teledyne Technologies is boosting its acoustic sensor and communication device offerings with the acquisition of Washington's BlueView Technologies.
|
Inventories of bank-owned foreclosures for sale vary increasingly by state as the latest local data suggests that lenders are beginning to release a long-awaited wave of more than one million backlogged foreclosures, primarily in states where a court...
|
Behind the impulse in Europe to form eurobonds or collectively insure bank deposits is the fear that Spain will require a very expensive fix.
|
| Stories | Photos | People | Comments |
View Caption
