Saturday, December 22, 2012

Brazil takes action against forest carbon deal in the Amazon

Reuters: Brazil's Attorney General Office has taken legal action against a deal signed between an Irish company and an Amazon indigenous group for the sale of carbon credits from avoided deforestation. A federal attorney in the Amazon Brazilian state of Rondonia filed a lawsuit, seen by Reuters Point Carbon, on December 11, which seeks to cancel a contract signed by Celestial Green Ventures LLC and the Awo Xo Hwara indigenous community. As part of the deal, the Irish company agreed to pay the local...

URL: http://www.trust.org/alertnet/news/brazil-takes-action-against-forest-carbon-deal-in-the-amazon

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