The ITT Initiative: keeping the oil in the ground
Technical Secretariat of the ITT, Government of Ecuador
Date and Time
28 May 2008 18:15 - 19:45
Present the proposal to keep close to one billion barrels of heavy crude in ground. The oil reserves known as Ishpingo, Tambococha, Tiputini (ITT) would remain underground in exchange for intenational compensation of at least 50% of Ecuador`s forgone revenue if extraction had taken place.