Hello! You are part of a community of millions who seek out Democracy Now! each month for ad-free daily news you can trust. Maybe you come for our daily headlines. Maybe you come for our in-depth stories that expose corporate and government abuses of power and lift up the voices of ordinary people working to make change in extraordinary times. We produce all of this news at a fraction of the budget of a commercial news operation. We do this without ads, government funding or corporate sponsorship. How? This model of news depends on support from viewers and listeners like you. Today, less than 1% of our visitors support Democracy Now! with a donation each year. If even 3% of our website visitors donated just $10 per month, we could cover our basic operating expenses for a year. Pretty amazing right? If you visit us daily or weekly or even just once a month, now is a great time to make a monthly contribution.

Your Donation: $

April 29, 2010 < Previous Entry | Next Entry >

"The Curse of Abundance": Alberto Acosta on the Failure of Extractive Industries and Alternative Models of Development in Ecuador

The government of Ecuador is pioneering a new strategy to promote development in poor countries while also minimizing environmental damage caused by extraction of natural resources.

Under Ecuador’s proposal known as "ITT Yasuni," Ecuador will refrain from exploiting an oil field under the Amazon rainforest park, noted for being the most biodiverse region in South America.

In exchange for leaving the oil in the ground, funds will be provided to Ecuador for development. The trust will be comprised of voluntary contributions from developed countries, international or multilateral organizations, civil society organizations, private sector companies, and citizens worldwide.

Alberto Acosta is the former President of the Constituent Assembly as well as a former minister of Energy in Ecuador. Democracy Now! producer Sharif Abdel Kouddous caught up with Acosta at the World People’s Summit on Climate Change in Cochabamba, Bolivia, last week.

Recent Shows More

Full News Hour

Stories

    Peoplesclimatemarchjustseedsimage
    A People’s Climate Movement: Indigenous, Labor, Faith Groups Prepare for Historic March
    New York City is set to host what could be the largest climate change protest in history. Organizers expect more than 100,000 people to converge for a People’s Climate March on Sunday. Some 2,000 solidarity events are scheduled around the world this weekend ahead of Tuesday’s United Nations climate summit. We spend the hour with four participants representing the labor, indigenous, faith and climate justice communities: Rev. Dr. Serene Jones is the president of Union Theological Seminary, which recently voted to divest from fossil...