[calcowgirl]

Cap and trade on steroids.

If you follow the link (to Bloomberg) about the deal, it says that California has pledged financial aid to curb logging in Indonesia and Brazil and that the agreement they signed somehow becomes part of California's 2006 climate change law.

[Carry_Okie]

The laugher is that the reason the rainforests are there is that the ancient people of Brazil buried carbon in the ground to increase its fertility. White guys brought in smallpox and influenza and returned a hundred years later to find "a jungle."

As it is now, the rainforest is carbon neutral. It rots as fast as it grows.