Zürcher Nachrichten - Brazil greenlights oil drilling in sensitive Amazon region

EUR -
AED 4.241003
AFN 73.32143
ALL 96.264457
AMD 435.49084
ANG 2.066822
AOA 1058.764604
ARS 1597.949484
AUD 1.676973
AWG 2.078272
AZN 1.967396
BAM 1.962489
BBD 2.325728
BDT 141.683564
BGN 1.973561
BHD 0.435685
BIF 3427.417086
BMD 1.154596
BND 1.486969
BOB 8.008298
BRL 6.067751
BSD 1.154731
BTN 109.448969
BWP 15.919471
BYN 3.437216
BYR 22630.074075
BZD 2.322286
CAD 1.604831
CDF 2635.36902
CHF 0.921971
CLF 0.027055
CLP 1068.301597
CNY 7.980392
CNH 7.989998
COP 4249.2467
CRC 536.225485
CUC 1.154596
CUP 30.596784
CVE 110.98555
CZK 24.603629
DJF 205.195187
DKK 7.496448
DOP 68.95827
DZD 153.879614
EGP 60.780401
ERN 17.318934
ETB 180.838585
FJD 2.609838
FKP 0.864865
GBP 0.870276
GEL 3.094767
GGP 0.864865
GHS 12.666364
GIP 0.864865
GMD 84.867224
GNF 10137.349919
GTQ 8.837161
GYD 241.720221
HKD 9.035924
HNL 30.608778
HRK 7.557064
HTG 151.366612
HUF 390.276858
IDR 19617.503194
ILS 3.622683
IMP 0.864865
INR 109.529794
IQD 1512.520257
IRR 1516272.693223
ISK 144.047794
JEP 0.864865
JMD 181.759555
JOD 0.818654
JPY 185.080568
KES 149.986359
KGS 100.96983
KHR 4632.238016
KMF 494.167328
KPW 1039.238007
KRW 1741.130593
KWD 0.355512
KYD 0.962293
KZT 558.235579
LAK 25285.644395
LBP 103394.037822
LKR 363.741444
LRD 212.012665
LSL 19.813301
LTL 3.409221
LVL 0.698404
LYD 7.360592
MAD 10.789123
MDL 20.282399
MGA 4820.437097
MKD 61.637435
MMK 2427.581728
MNT 4133.439787
MOP 9.31702
MRU 46.322813
MUR 54.000874
MVR 17.838939
MWK 2005.532983
MXN 20.922547
MYR 4.530678
MZN 73.836825
NAD 19.813296
NGN 1597.337286
NIO 42.397186
NOK 11.20288
NPR 175.114145
NZD 2.009741
OMR 0.444613
PAB 1.154721
PEN 3.994328
PGK 4.975197
PHP 69.911197
PKR 322.367369
PLN 4.298271
PYG 7549.734427
QAR 4.218027
RON 5.111746
RSD 117.558661
RUB 94.006614
RWF 1686.864195
SAR 4.332448
SBD 9.285301
SCR 16.659944
SDG 693.912357
SEK 10.938258
SGD 1.492666
SHP 0.866246
SLE 28.345751
SLL 24211.30527
SOS 659.855623
SRD 43.413994
STD 23897.798134
STN 24.650616
SVC 10.103439
SYP 127.613163
SZL 19.813287
THB 37.940438
TJS 11.033396
TMT 4.041085
TND 3.37839
TOP 2.779989
TRY 51.302613
TTD 7.845709
TWD 36.998328
TZS 2974.800639
UAH 50.614226
UGX 4301.662877
USD 1.154596
UYU 46.739318
UZS 14091.83988
VES 540.268027
VND 30409.162038
VUV 138.21339
WST 3.180719
XAF 658.200578
XAG 0.0165
XAU 0.000256
XCD 3.120353
XCG 2.081103
XDR 0.816058
XOF 655.810693
XPF 119.331742
YER 275.490657
ZAR 19.766671
ZMK 10392.750198
ZMW 21.737094
ZWL 371.779317
  • CMSD

    -0.0900

    22.66

    -0.4%

  • RBGPF

    -13.5000

    69

    -19.57%

  • BCC

    0.1400

    74.43

    +0.19%

  • GSK

    -0.1000

    53.84

    -0.19%

  • BCE

    -0.2200

    25.25

    -0.87%

  • NGG

    -0.4800

    81.92

    -0.59%

  • CMSC

    -0.0500

    22.77

    -0.22%

  • AZN

    5.0200

    188.42

    +2.66%

  • RIO

    0.8500

    86.64

    +0.98%

  • BTI

    0.3749

    57.8

    +0.65%

  • JRI

    -0.2700

    11.8

    -2.29%

  • RELX

    -0.1000

    31.97

    -0.31%

  • BP

    0.5100

    46.68

    +1.09%

  • VOD

    -0.1400

    14.49

    -0.97%

  • RYCEF

    -0.5900

    14.65

    -4.03%

Brazil greenlights oil drilling in sensitive Amazon region
Brazil greenlights oil drilling in sensitive Amazon region / Photo: Pablo PORCIUNCULA - AFP

Brazil greenlights oil drilling in sensitive Amazon region

Brazil's Petrobras said Monday it has permission to drill for oil near the mouth of the Amazon River, casting a shadow over the country's green ambitions as it prepares to host UN climate talks.

Text size:

President Luiz Inacio Lula da Silva has come under fire from conservationists who argue his oil expansion plans clash with his image as a global leader on climate change.

Brazil will host COP30 climate talks in the Amazon city of Belem next month.

Petrobras said drilling in the Foz de Amazonas region will begin immediately and will last for five months, after its five-year battle to get permission to explore the area.

"Petrobras met all the requirements established by (environmental watchdog) Ibama, fully complying with the environmental licensing process," the oil giant said in a statement sent to AFP.

"We hope to obtain excellent results from this research and prove the existence of oil in the Brazilian portion of this new global energy frontier," said Magda Chambriard, president of Petrobras.

The company will drill an exploratory well at an offshore site that lies 500 kilometres (310 miles) from the mouth of the Amazon River at a depth of more than 2,800 meters (9,200 feet).

The drilling of Block 59 -- which is 160 kilometres from the coastline -- has been a passion project for Lula, who insists oil revenues will help fund Brazil's climate transition.

Environmentalists have raised alarm about drilling for oil off the coast of the world's largest tropical rainforest, a biodiverse area that is home to several Indigenous communities.

Brazil's Climate Observatory NGO said civil society organizations would go to court to fight the decision, based on "illegalities and technical flaws" in the licensing process.

"The approval sabotages the COP and goes against the role of climate leader claimed by President Luiz Inacio Lula da Silva on the international stage," said the Climate Observatory.

"The decision is disastrous from an environmental, climate, and sociobiodiversity perspective."

Foz de Amazonas is part of a promising new offshore oil frontier, with nearby Guyana emerging as a major oil producer in less than a decade following large offshore discoveries.

- Risk of 'massive biodiversity loss' -

Ibama denied Petrobras an exploration license in 2023, citing inadequate plans to protect wildlife in case of an oil spill.

As Petrobras appealed, pressure rose from Lula who said earlier this year that Ibama was a government agency acting as if it was "against the government."

In February, an opinion signed by 29 Ibama technical staff and seen by AFP said the recommendation remained to "deny the environmental license," highlighting the risk of "massive biodiversity loss in a highly sensitive marine ecosystem."

However, in May, Ibama president Rodrigo Agostinho overruled the opinion and allowed Petrobras to go ahead with an oil spill accident response drill that was considered the last step before the license is granted.

In September, Ibama approved the pre-operational environmental assessment, despite Petrobras failing to demonstrate it can "reliably protect fauna in the event of an oil spill."

Ibama said a new fauna simulation would take place "after the license is issued."

Ibama's technical staff noted in February that drilling conditions were very challenging in the Foz de Amazonas basin, prone to intense storms and strong ocean currents.

A.Wyss--NZN