According to the UN, the "crowdfunding" initiative had last night raised $116m (£75m), enough to temporarily halt the exploitation of the 722 square miles of "core" Amazonian rainforest known as Yasunà national park in Ecuador.
The park, which is home to two tribes of uncontacted Indians, is thought to have more mammal, bird, amphibian and plant species than any other spot on earth. Development of the oilfield, which was planned to take place immediately if the money had not been raised, would have inevitably led to ecological devastation and the eventual release of over 400m tonnes of CO2.
Ecuador agreed to halt plans to mine the oilfield if it could raise 50% of the $7.6bn revenue being lost by not mining the oil. While the world's leading conservation groups pledged nothing, regional governments in France and Belgium offered millions of dollars - with $2m alone from the Belgian region of Wallonia. A New York investment banker donated her annual salary and Bo Derek, Leonardo DiCaprio, Edward Norton and Al Gore all contributed.
The idea of asking people to pay for something not to take place was widely dismissed by national treasuries as holding the world to ransom. The German development minister, Dirk Niebel, said that the principle of paying for the oil not to be exploited "would be setting a precedent with unforeseeable referrals". However, Germany has now contributed $48m in "technical assistance". The former Italian prime minister Silvio Berlusconi was widely criticised after he wrote off $51m of Ecuador's $10bn external debt as Italy's contribution. Read the full report here.
Source: John Vidal, Environment Editor, guardian.co.uk.
