chapter  16
38 Pages

Doing Business in the Developing Countries

Rio Bravo Carbon Sequestration Project between few American corporations and Belize generates mutually beneficial, environmental, social, and economic effects. In correspondence with the Kyoto Protocol Mechanism (1997) that allows trading of greenhouse emissions, highly industrialized countries have the opportunity to obtain such permissions against equal investments in various environmental projects. Large-scaled forestation is an excellent example for such projects. The US companies Wisconsin Electric Power Co., Synergy, Detroit Edison, Nexen, Pacificorp, Suncor, and Utility Tree Carbon, Co. have financed the forestation of 62,000 hectares with

... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...