Brazil's government announced on Thursday it planned to ban setting fires in the Amazon for 120 days, in a meeting with global investors to address their rising concerns over destruction of the rainforest. Vice President Hamilton Mourao told reporters that he invited investors in the video conference to help finance conservation of the forest, but he said they did not commit any funds and want to see results first. Investors have warned that they will put investments in Brazil on hold, or even pull existing ones out, if the government of right-wing President Jair Bolsonaro does not act to protect the world's largest tropical rainforest that is seen as vital to curb global warming.
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