Brazil okays oil drilling in sensitive Amazon area

Petrobras, Brazil's state-controlled oil giant, has received approval to commence drilling activities close to the Amazon River's estuary. This move has sparked considerable backlash from environmental advocates who claim it undermines Brazil's co...

AP
Brazil's President Luiz InĂ¡cio Lula da Silva
Petrobras said Monday it had received a licence to drill for oil near the mouth of the Amazon River, enraging environmentalists who said the move would undermine Brazil's hosting of UN climate talks next month.

Plans to expand oil exploration in Brazil, already the world's eighth-largest producer, are backed by President Luiz Inacio Lula da Silva, who insists oil revenues will help fund Brazil's climate transition.

Critics accuse him of a contradictory stance as he urges world leaders to step up in the fight against climate change ahead of COP30 talks in the Amazon city of Belem from November 10-21.


Petrobras was granted a licence to drill in the Foz de Amazonas region after a five-year battle for permission to explore the area. Brazil's environmental agency Ibama said it had given the go-ahead after "a rigorous environmental licensing process."

However, Brazil's Climate Observatory NGO said civil society organisations would go to court.

"The government is sabotaging the leadership it should have at COP30," Suely Araujo, a former president of Ibama and coordinator of the Climate Observatory NGO, said. "How can our diplomats advocate for the shift away from fossil fuels...when the country is intensifying fossil fuel exploration and production?"
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › World News › Brazil okays oil drilling in sensitive Amazon area
Text Size:AAA
Success
This article has been saved

*

+