Market Overview

G-7 Commits $22M For Firefighting In Amazon Rainforest

Share:
G-7 Commits $22M For Firefighting In Amazon Rainforest

For more than three weeks, fires have been raging in the Amazon rainforest.

On Monday, leaders at the G-7 summit have agreed to provide $22 million as well as logistical support to help fight the fires in the Amazon rainforest, according to the BBC.

The fires are reported to have been started deliberately. Brazil’s President Jair Bolsonaro has not condemned deforestation and has supported clearing the Amazon for agriculture and mining. He has tried to pass off the fires as the work of environmental non-governmental organizations.

Strong winds have carried smoke from the Amazon across an estimated 1,700 miles and caused a blackout in the city of Sao Paulo, Brazil.

Last week, French President Emmanuel Macron called on members of the G-7 to discuss the raging wildfires ravaging the Amazon rainforest.

Macron described the fires as an "international crisis" and pushed for them to be prioritized at the summit. 

Related Links: 

Did France Blink After Trump's Vow To Tax Wine 'Like They've Never Seen Before'?

Market Bounces Back After Trump Suggests 'Very Positive Development' In Trade War

Posted-In: BBCNews Media Reviews Best of Benzinga

 

Related Articles

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

'Q3 Was A Milestone Quarter': James E. Wagner Cultivation Reports Record Revenue

Bank Of America Downgrades Elanco Animal Health, Says Too Much Uncertainty Around Bayer Deal