Norway accused of hypocrisy over Indonesian deforestation funding | Environment | The Guardian
▻http://www.theguardian.com/environment/2011/dec/01/norway-accused-hypocrisy-deforestation-funding
Norway has been accused of climate hypocrisy in Indonesia, where it has won plaudits for financing forest protection even as its state pension fund allegedly secures even greater revenues from logging, plantations, mining and other environmentally destructive practices.
Conservation groups say Norway’s sovereign wealth fund – thought to be the largest in the world – should set a better example of ethical investment in a country that is experiencing some of the world’s worst deforestation problems.
In recent years Norway has won plaudits as the leading financier of forest conservation in tropical countries under the Reducing Emissions from Deforestation and Degradation (#Redd) scheme. Its commitments include billion-dollar pledges to Indonesia and Brazil, and have played an important role in climate talks.
