INSUBCONTINENT EXCLUSIVE:
cleaner energy in the future
Petrobras plans to spend $3 billion over the next five years to drill 15 wells in this region, known as the Equatorial Margin.Experts say
this area could hold up to 30 billion barrels of oil, making it a major new source for Brazil
He also points out that other countries nearby, like Guyana and Suriname, are already drilling for oil in the same ocean area.Lula Backs
(Photo Internet reproduction)However, many environmental groups and Indigenous communities strongly disagree with these plans
Amazon region is one of the most important places in the world for biodiversity and helps slow down climate change by storing carbon
plans to protect wildlife.There is also criticism that the government did not properly consult Indigenous groups before moving forward with
the auctions, which goes against international agreements.Legal challenges and protests have followed, with many saying that Brazil cannot
claim to be a climate leader while expanding oil production in such a sensitive region.This situation puts Brazil in a difficult spot
The country wants to grow its economy and use its natural resources, but it also faces pressure to protect the Amazon and lead on climate
issues.As Brazil prepares to host world leaders at COP30, its decisions on oil could shape both its economic future and its reputation on
