Ecuador to Europe: Pay us not to drill in Amazon
QUITO, Ecuador – Ecuador’s president is in London this week to promote a unique proposal: pay his country $3 billion not to drill for oil in a pristine Amazon reserve.
Germany and Spain have expressed interest in President Rafael Correa’s idea, which environmentalists say could set a precedent in the fight against global warming by lowering the high cost to poor countries of going green.
“This is the first time the government of a major oil-producing country has voluntarily offered to forego lucrative oil extraction in order to help combat climate change,” said Dr. Matt Finer, staff scientist for Save America’s Forests and author of a study on Correa’s initiative.
But Correa’s idea is two years old and he has yet to receive a firm cash commitment.
Under the plan, rich countries would pay Ecuador at least half the revenues that the 850 million barrels of heavy crude oil estimated to be in Ecuador’s remote Yasuni National Park would be expected to generate over the next 10 years – or about $3 billion.
Ecuador says not drilling for the oil would keep 410 million metric tons of carbon dioxide from entering the atmosphere, a figure that has caught the attention of green-conscious governments in Europe.
But this month, Germany contradicted Ecuador’s claims that it had already committed $50 million over 13 years to the initiative.
“The amount of a potential donation and the method and period over which it would be paid have yet to be determined,” a German government official told The Associated Press last week in Berlin, speaking on condition of anonymity because he was not authorized to discuss the matter.
SG presidential election results released following run-off election
Juniors Sebastian Solano and Jessica Malanga now have a platform to serve the student body through their T.H.R.I.V.E. campaign following the announcement Thursday morning that the ticket won the 2023 Student Government (SG) presidential run-off election. A total of 2,087 votes were cast across all three campuses, in which Solano and Malanga won 1,076. Esmeraldi […]
On-campus political groups respond to bill targeting diversity initiatives
Student-led political groups on campus have presented differing opinions and action plans regarding House Bill 999, which targets diversity, equity and inclusion (DEI) and critical race theory (CRT) initiatives at the state’s public universities, as the bill works its way up in the Florida Legislature. House Bill 999, which passed through the Florida state house […]
Trans+ Student Union holds Gender Affirming Clothing Swap
Among hundreds of clothing items separated by tops, bottoms and accessories displayed on top of several chairs in rows, the Trans+ Student Union (TSU) aimed to provide a safe space for over 45 students to explore their gender expressions through fabric. The Gender Affirming Clothing Swap event was held at the Marshall Student Center from […]
Student-led art exhibit showcases multidimensional change
Standing in front of a group of 20 attendees in the dimly lit Marshall Student Center Centre Gallery, freshman interdisciplinary social sciences major Carolina Gutfruend shared the significance of honoring sexual assault awareness through her art. Recounting her own experiences with guilt and shame as a survivor of sexual assault, Gutfruend said she wanted her […]
Students, faculty rally against state legislation targeting diversity initiatives
At a Tuesday rally intended to create student awareness for preserving academic rights, history professor Alex Levine read aloud two emails he received earlier this week from prospective employees and graduate students expressing fear for their future at USF. One of the emails was from a trans philosophy graduate student who messaged him about her […]
BOT approves new collective bargaining agreement, hears public comments regarding state legislation
At Tuesday morning’s meeting, the Board of Trustees (BOT) voted to accept a 3-year bargaining agreement (CBA) with the American Federation of State, County and Municipal Employees (AFSCME) and listened to public comments from students and professors regarding House Bill (H.B.) 999. During the 9:30 a.m. hour-long meeting in the Marshall Student Center Ballroom, the […]