Yasuni-ITT Trust Fund (A)
The Yasun -ITT (Ishpingo-Tambococha-Tiputini) Trust Fund was established to receive contributions from donors supporting Ecuador's historical decision to permanently relinquish the extraction of crude from the ITT oil block, a field located at the Ecuadorean Amazonia's Yasun National Park (YNP) that was estimated to hold a reserve of 846 million barrels of oil. Contributions would be used to fund renewable energy projects and sustainable development investments, such as deforestation reduction and ecosystem preservation in Ecuador's Amazon region. Thus, appealing to a global spirit of shared responsibility, President Rafael Correa's government requested that the international community compensated Ecuador with US$ 3.6 billion (paid over a 13-year period) to cover half of the revenues the country would fail to receive as a result of its decision to relinquish oil extraction at ITT. International contributions would be viewed as a compensation for Ecuadoreans' sacrifice, which would bring significant public benefits for the entire planet, including a less contaminated atmosphere. This case consists of three parts and has been designed for a two-session discussion. Sections A and B may be discussed during a first 90-minute class and require no previous preparation from students. These sections focus on encouraging class participants to make a critical analysis of the type and amount of information necessary to make a decision. Section C will be discussed in a second 90-minute session and requires students to prepare this case beforehand, making the necessary financial calculations for this analysis. Part A explores the period before November 24, 2009, when President Correa and UNDP announce the terms for the draft agreement for Yasun -ITT's Trust Fund. Universidad de Los Andes' case collection
【書誌情報】
ページ数:5ページ
サイズ:A4
商品番号:HBSP-AN0017
発行日:2015/4/12
登録日:2016/9/21