Not content with the ongoing rapid destruction of the Amazon, an "Impact Investment Fund for Amazon biodiversity conservation and that project will be led by the private sector" will open up the rainforest to support economic development in "hard to reach" areas. In other words, funds designated to protect biodiversity will build roads and provide loans for new mining, logging, and farming in once inaccessible rainforest.
It's INSANE, suicidal too.
US Secretary of State Mike Pompeo said the biodiversity investment fund would support businesses in hard to reach areas of the Amazon.
Brazil's foreign minister said opening the rainforest to economic development was the only way to protect it.
Environmentalists will say this scheme is a ruse to open up the Amazon for mining, logging and farming.