Carlos Slim's Environmental Push
Billionaire Carlos Slim has been busy lately. The billionaire who holds the third spot in the Forbes billionaire list, has a fortune of around $35 billion. As part of a commemoration of World Environmental Day, Slim has donated $50 million to start an environmental project in Mexico with the World Wildlife Fund. The donation is part of the creation of a $100 million fund dedicated to Mexico's environment. The new project will focus on six regions in Mexico including the jungles in Chiapas, reefs in Baja California and the nesting ground for monarch butterflies in Michoacan. The World Wildlife Fund will raise the other half of the funds needed from foundations and donors. Slim has also said that he will donate more as the goals of the project are met. The plan will include ways of stimulating the economy in environmentally sensitive areas so that locals don't have to harm the environment to make a living. Mexico is estimated to be losing around 593,000 acres of land a year to logging. Slim made the announcement in Cozumel, Mexico with Carter Roberts, the the President of World Wildlife Foundation and Omar Vidal Director of Wildlife Mexico.