"Building on (California's) success in forming de facto treaties with international entities, Schwarzenegger will sign a declaration with Indonesia and Brazil to develop efforts to reduce emissions from deforestation. The agreement could make it cheaper for California businesses to achieve emissions reductions by allowing them to invest in afforestation projects abroad," according to E and E today.
But the guilt-laden Californians will be doing more harm than good. The countries where they will supposedly be investing in forests have proven records for corruption. Brazil tied with China and India on the 2006 Transparency International Perceptions of Corruption Index. And Indonesia tied with that paragon of virtue, Russia, at number 143.
Who will really profit from the boatloads of money California sends these countries?
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