Ecuador also has plan to leave estimated 1 billion barrels of oil under control . In return , wealthy nations would pay $ 350 million a year to Ecuador . President Rafael Correa said : ` ` Oil has brought us more bad than good '' Proposal comes amid growing popularity of ` ` carbon tax ''
Ecuador leader touts plan to leave estimated 1 billion barrels of oil under ground . In exchange , wealthy nations would pay $ 350 million a year to Ecuador . President Rafael Correa says : `` Oil has brought us more bad than good '' Proposal comes amid growing popularity of `` carbon offsetting ''