The Yasuní-ITT proposal by the government of Ecuador to “keep the oil in the ground” in the untouched, highly biodiverse Ishpingo-Tambococha-Tiputini sector of Yasuni National Park in exchange for compensatory 3.6 billion dollars from the international community, has been interpreted and analyzed by academics and the media alike as a radical environmental intervention. In this article I argue that the ITT initiative it less of a radical environmental plan, and more of a performative articulation of post-IMF nationalism. I problematize the notion that the ITT initiative heralds a shift to a radical new environmental paradigm, and argue that it should be understood primarily as a critique of Ecuador's experience with foreign debt and neoliberal restructuring.