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

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.