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Climate Leader Brazil Is Frantically Drilling for More Oil

Bloomberg reports that even as the country prepares for COP30, President Lula says the proceeds from a discovery are needed to fund the energy transition — but environmentalists aren’t buying it.
Climate Leader Brazil Is Frantically Drilling for More Oil
There’s a predicament that global leaders — particularly those who fashion themselves as proponents of a green future — are facing: The world’s insatiable desire for fossil fuels. Nowhere is that on display more than in Brazil. The nation is hosting COP30, the world’s most important climate conference, this fall, while its state-owned oil company is moving a giant drillship... ...

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