An Alternative Proposal for An Alternative Proposal for Sustainable Development: Ecuador’s Sustainable Development: Ecuador’s

Ishpingo-Tapococha-Tiputini (ITT) Ishpingo-Tapococha-Tiputini (ITT) ProjectProject

By: Julio Pinos Central University of Ecuador

May, 2008Regina, SK, Canada

ITT locationITT location

ITT’s General ITT’s General CharacteristicsCharacteristics

Yasuni’s Area: 2.5 million acres

One of the areas with the greatest biodiversity on Earth (one hectare has same number of species as all North America with around nearly 700 animal species)

First Nations’ territory

Ecuador’s economyEcuador’s economy Average per-capita incomes:

4,700 US$/year (1/10 of average Canadian incomes)

Population:13.5 millons in ab area of 250,000 km2

Unemployment rate: 12% (52%)

35% of the annual budget correspond to oil exportation

Discovered in the 70’s, but too expensive to be exploited

API degree: 15 (heavy oil-high water production: ratio 1 to 4)

Building of an Up-Grader Plant

Production cost: US$ 12/bbl = 700 M/y (rate of return 14%)

Oil in Place estimated in more than 5 billon barrels (Recoverable 1 billon barrels)

ITT Project

Keep the oil underground… until the technology allows to produce it with less impact to the environment

But, wait, wait, wait…

What about our economic situation?

Alternative Proposal

Shared Responsibility

Ecuador will not exploit the ITT oil in exchange for international recognition for 50% of its revenues = 350 M/y

Where the money comes?

Show me the money!

From: Governments, NGOs, individuals (YOU)

www.sosyasuni.org

Cost of removing a ton of carbon from the atmosphgere = 20US$ (World Bank)

ITT contains the equivalent of 12 days of the world’s oil consumption

An Alternative Proposal for An Alternative Proposal for Sustainable Development: Ecuador’s Sustainable Development: Ecuador’s

Ishpingo-Tapococha-Tiputini (ITT) Ishpingo-Tapococha-Tiputini (ITT) ProjectProject

By: Julio Pinos Central University of Ecuador

May, 2008Regina, SK, Canada