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SEARCH More than 5,600 stories! A great gift for crisis deniers! Humoring the Horror of the Converging Emergencies 94 color pages $24.99 now $15! Or read FREE online! Twitter Ping this story in social media: del.icio.us Digg Newsvine NowPublic Reddit Facebook StumbleUpon

Posted Mon Jun 14 2010: from National Geographic News: Ecuador Puts a Price Tag on Untapped Oil http://apocadocs.com/s.pl?1276540186 In the coming weeks, Ecuador aims to sign a unique agreement to forgo drilling for oil in a huge plot of this rain forest in exchange for money. The idea is that contributions from industrialized nations and, potentially, from corporations would make up for the badly needed petroleum revenue that the South American nation would lose by keeping the fossil fuel underground....If it comes together, some hope that the so-called Yasuní-ITT Initiative -- named for the area's Ishpingo, Tiputini, and Tambococha oil fields --could be a model for combating global warming. [Read more stories about: carbon emissions, rain forest depletion, smart policy] New!: No reader quips yet -- be the first! Got a PaniQuip? Your Quip (limit 140 characters, no links, just wit): First name: The text shown in the Web image to the right: We reserve the right to reuse, remove, or refuse any entry.

'Doc Jim says: And they can pay me to cheer about it! Heck, forget it, I'll cheer for free! NEXT> More stories: What the Gulf Disaster Could Tell Us About Sudden Global Warming Operation Icewatch 2010 gears up (Ecuador Puts a Price Tag on Untapped Oil) Low-cost solar solution could empower off-grid poor U.S. Identifies Vast Riches of Minerals in Afghanistan Want to explore more? Try the PaniCloud!

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