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Breaking News - BREAKING NEWS - Latin America

BREAKING NEWS - Latin America

Norway issues $1bn threat to Brazil over rising Amazon destruction  

A strip of forest separates a eucalyptus plantation from cleared land, 40 miles north of Macapa, Brazil. Norway has issued a blunt threat to Brazil that if rising deforestation in the Amazon rainforest is not reversed, its billion-USD financial assistance will fall to zero. The leaders of the 2 nations meet in Oslo on Friday.

The oil-rich Scandinavian nation has provided $1.1bn to Brazil’s Amazon fund since 2008, tied to reductions in the rate of deforestation in the world’s greatest rainforest. The destruction of forests by timber & farming industries is a major contributor to the carbon emissions. Read more HERE.

A strip of forest separates a eucalyptus plantation from cleared land, 40 miles north of Macapa, Brazil. Norway has issued a blunt threat to Brazil that if rising deforestation in the Amazon rainforest is not reversed, its billion-USD financial assistance will fall to zero. The leaders of the 2 nations meet in Oslo on Friday.

The oil-rich Scandinavian nation has provided $1.1bn to Brazil’s Amazon fund since 2008, tied to reductions in the rate of deforestation in the world’s greatest rainforest. The destruction of forests by timber & farming industries is a major contributor to the carbon emissions. Read more HERE.

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Published on 22/06/2017 @ 8:20 PM   All News Story   Top
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