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News Forum - Indonesia’s environmental protection plan- trust the billionaires

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Indonesia’s environmental protection plan will take the revolutionary step of  selling off  “development” rights – not “protection” rights – to an entire archipelago of more than 100 coral islands next week.  More or less anyone who happens to have enough cash washing around offshore is welcome to bid. The Widi reserve in Indonesia is  described by Sotheby’s – those bastions of environmental protection – as  “one of the most intact coral atoll ecosystems left on Earth.” The sale of land to non-Indonesians is banned under Indonesian law, so buyers will actually be bidding next week for shares in an Indonesian […]

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