Ecuador Yasuní-ITT Initiative (2007-2013)
Ecuador's President Rafael Correa pledged to leave 850 million barrels of oil underground in Yasuní National Park, a UNESCO biosphere reserve, in exchange for $3.6 billion in international donations. The fund raised roughly a tenth of that amount.
Correa authorized drilling in 2013, citing the funding shortfall.
The reversal became a cautionary tale about executive-led Amazon oil protection that depends on external funding.
Shows how a national leader's decree can protect Amazon oil reserves and be reversed when economics shift. Colombia's reserve now faces a similar test with its own incoming government.
