Brazil Extorting World for $21 Billion to "Save Rainforest"

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Brazil launches international fund to preserve Amazon

3 days ago

RIO DE JANEIRO (AFP) — Brazil on Friday created an international fund to fight deforestation of the Amazon and is accepting contributions to help preserve the world's largest rainforest.

Brazilian President Luiz Inacio Lula da Silva signed a decree here creating the Amazon Fund, designed to receive up to 21 billion dollars in contributions over the next 13 years.

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BNDES environment director Eduardo de Mello told reporters donors would not receive any benefits in return for their contributions such as tax exemptions or carbon credits.

"Donations are voluntary and donors have no say over the use of the resources," he said.

[Full Article]

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Norway has already pledged $100 million.

I suggest the rest of the world make a counter-offer: we pull $21 billion of investment out of Brazil if you don't take care of your own forests.