Indonesia proposes OPEC oil fund for forests

Indonesia proposed on Sunday that OPEC oil exporting nations contribute 50 US cents from every barrel of oil sold in to a special environmental fund to protect forests.
Addressing fellow leaders from the Organisation of Petroleum Exporting Countries at the Riyadh summit, Indonesian Vice President Jusuf Kalla pushed a development and environmental agenda expressing "mixed feelings" about near 100-dollar oil.
The Asian nation, which will host a crucial climate change meeting next month, noted that many OPEC countries had environmentally valuable woodland, suggesting a donation could be made to the proposed "Oil for Forests" fund.