"Governors of the Brazilian Amazon's nine states are pushing the U.S. and other industrial nations to invest in projects under rules known as REDD -- or Reducing Emissions from Deforestation and Degradation -- that are being designed through the auspices of the United Nations.

Under pending legislation to cap greenhouse gases, the U.S. government would auction emission allowances, funneling as much as $3 billion from the annual proceeds into rain forest protection. U.S. companies facing carbon controls could meet part of their obligations by investing as much as $13 billion a year by 2020 to preserve forests."

Margot Roosevelt reports for the Los Angeles Times February 21, 2010.
[2]
See Also:

"Companies Fund Projects To Preserve Amazon" (Los Angeles Times) [3]