There is an investor frenzy to make money from the prospect of climate change

Dear Editor,

A relative drew my attention to the following Caribbean Net News report, “Investor buys Guyana forest’s rain and carbon,” dated Friday, March 28, 2008 at http://www.caribbeannetnews.com/index.php?news_id=6860.“LONDON, England (Reuters): The British-based investment firm Canopy Capital said on Thursday it had bought a share in the rain-making potential of a chunk of Guyanan [sic] rainforest bigger than the Mediterranean island of Mallorca.” A similar report, “Private equity firm buys rights to ecosystem services of Guyana rainforest,” dated Thursday March 27, 2008, is found at http://news.mongabay.com/2008/0327-iwokrama.html. I cannot recall seeing these reports in our local media. Could you please clarify?
Yours faithfully,
M Xiu Quan-Balgobind-Hackett

Editor’s note: Stabroek News published a report on the Canopy Capital deal on Thursday March 27 on page 16. We subsequently published the Reuters report, a press release from Iwokrama and an interview with the Chairman of the Iwokrama Board, Edward Glover.