Brazil Revises Strategy for Amazon Rainforest Conservation Funding

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Source: AP News
Brazil Revises Strategy for Amazon Rainforest Conservation Funding
Photo: AP News
TL;DR Summary

Brazil's President Lula proposed a new initiative, the Tropical Forests Forever Fund, to support rainforest preservation in over 70 developing countries through a permanent trust fund, aiming to generate significant private sector investment, and defended Brazil's recent oil exploration activities near the Amazon, emphasizing pragmatic environmental and economic strategies.

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