State-owned Petrobras could soon be the world’s third-biggest oil producer, in stark contrast to the country’s promises to fight climate change and slow Amazon destruction.
Tag: Petroleo Brasileiro SA Petrobras
Brazil Had High Hopes for Its Big Oil Auction. They Went Bust.
It was billed as the largest oil auction in history, one expected to produce a windfall. But analysts say a high signing bonus scared away bidders.