Norway

Norway has been accused of climate hypocrisy in Indonesia, where it has won plaudits for financing forest protection even as its state pension fund allegedly secures even greater revenues from logging, plantations, mining and other environmentally destructive practices.

Norway has released US$1.1M to Guyana outside of the Guyana REDD+ Investment Fund (GRIF) – the agreed mechanism for the disbursement of funds under the two countries forests’ agreement – in order to enable Guyana to meet its contractual obligations under the partnership.

Oxenøen, Norway, May 3, 2011 - Norske Skog sells forest areas in Brazil as part of the work to improve the company's financial position

Norske Skog has entered into an agreement with CMNPAR Four Participacoes S.A., a Brazilian company advised by Global Forest Partners LP, a US based, SEC registered investment advisor, for the sale of around 21 500 hectares of forest in Brazil, of which 10 500 hectares are productive forest.