Brazil's Lula pushes for Amazon oil drilling despite environmental concerns

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Brazil's Lula pushes for Amazon oil drilling despite environmental concerns
BRAZILAMAZON RIVEROIL DRILLING
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Brazilian President Luiz Inácio Lula da Silva is urging the country's environmental regulator to approve exploratory drilling near the mouth of the Amazon River. Lula argues that new oil revenues could finance a transition to green energies, but the move faces criticism as Brazil prepares to host the COP30 climate summit.

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FILE - Water flows in at the point where the river meets the sea in the Bailique Archipelago, district of Macapa, state of Amapa, northern Brazil, Sept. 12, 2022. FILE - Brazil's President Luiz Inacio Lula da Silva speaks during the inauguration ceremony for the new president of the state-run oil company Petrobras, in Rio de Janeiro, Brazil, June 19, 2024.

Offshore drilling near the Amazon would certainly draw scrutiny to Brazil, which is hosting the next United Nations climate summit, COP30. It's scheduled to take place in November in Belem, a port city located near the mouth of the Amazon, a few hundred miles from Bloc 59. A central push of the annual climate talks has been to reduce the use of fossil fuels such as oil, which when burned released greenhouse gas that heat up the planet.

“We will follow all the necessary procedures to ensure no harm to nature, but we can't ignore the wealth beneath us and choose not to explore it—especially because this wealth will provide the funds for the much-needed and long-awaited energy transition," he said.

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BRAZIL AMAZON RIVER OIL DRILLING ENVIRONMENTAL REGULATION COP30 CLIMATE CHANGE

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