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Environmental, Campaign & Website News > The Amazon up for sale for $50 bn?

The Amazon up for sale for $50 bn?

Date : 27th May 2008, Source : The Times of India

RIO DE JANEIRO: A Swedish-born tycoon who acts as a deforestation adviser to British Prime Minister Gordon Brown has stirred up controversy in Brazil for reportedly claiming all the Amazon could be bought for USD 50 billion. Johan Eliasch, the 46-year-old boss of the Head sports equipment company, is under investigation by Brazilian police and intelligence services for the alleged comments and for 160,000 hectares of Amazon forest he is believed to have bought, the newspaper O Globo reported. He reportedly made the assertions to stimulate land acquisition as part of his role as director of Cool Earth, an organization he co-founded which finds sponsors for the rainforest as a way of protecting it.

Document last updated on Tuesday 30 August 2011

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