Green Options

Depending on how you look at it, Obama’s meeting with Brazil’s President Luiz Inacio Lula da Silva this past weekend could be interpreted as either a first step toward cooperating on biofuel trade or a missed opportunity to protect the Amazon rain forest.

On Friday, Brazil’s President Luiz Inacio Lula da Silva headlined an event to officially launch a new international fund that will raise money to protect the Amazon Rainforest. “We are conscious of what the Amazon represents for the world… It’s better for the country’s image to do things right, so we can walk in international forums with our heads high,” Lula pontificated.

It is hoped that the fund will raise up to 21 billion dollars over the next 13 years from nations around the world. Norway has already chipped in, pledging 100 million dollars to kick things off. Brazil has made it clear though that donations are only being accepted with a condition of no strings being attached. In other words, countries that donate money will have no say over how the money is used.