These areas are really the heart of the western Amazon. They’re the most pristine, the richest in terms of the species they contain.

They instead will pay $10 million in local currency into a trust fund in Peru that will benefit conservation.

Because the U.S. conservation groups are participating, we are able to provide technical expertise regarding how these funds should be used and … the most important places where they should be spent.

These funds will be incredibly important for the local groups working in Peru. It provides a long-term source of dependable funding. We’re talking $500,000 per year … and that’s a huge amount for these local...