British taxpayers pay for trees in China

Telegraph: The Treasury has agreed to a European Union scheme to assist with funding for a number of forests to compensate for the country's contribution to global warming. The Luxembourg-based European Investment Bank (EIB) has lent China £210million to start the project. Britain has agreed to underwrite the loan, covering 16p in every pound of the debt that is not paid back -- which could cost more than £30million. China is now the second largest economy in the world and continues to expand by two...

URL: http://www.telegraph.co.uk/earth/environment/9194773/British-taxpayers-pay-for-trees-in-China.html
Enclosure: http://i.telegraph.co.uk/multimedia/archive/02189/china-tree_2189215b.jpg