Thursday, April 29, 2010 Previous | Next

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

download:   Video Feeds

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

    Bn2015-0730_funhome3
    Alison Bechdel’s "Fun Home": The Coming-Out Memoir That Became a Hit Broadway Musical
    In a Democracy Now! special, we look at the acclaimed Broadway musical "Fun Home," which swept the Tony Awards last month. Composer Jeanine Tesori and lyricist Lisa Kron made history as the first female duo to win a Tony Award for Best Original Score. "Fun Home" is also the first-ever Broadway musical to feature a lesbian protagonist. The musical is based on the 2006 best-selling graphic memoir by Alison Bechdel, "Fun Home: A Family Tragicomic." The memoir is a poignant exploration of family, memory, first love,...

Creative Commons License The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

This is viewer supported news