US EditionBrazil Auctions Off Several Amazon Oil Sites Despite Environmentalists and Indigenous Protests
- On Tuesday, Brazil auctioned exploration rights to 172 oil blocks near the Amazon River, including 19 deepwater blocks sold for $153 million.
- The auction occurred amid Brazil's goal to maintain and expand oil output despite pledges to reduce emissions to 1.2 billion tons by 2030 and reach neutrality by 2050.
- Environmentalists and Indigenous groups protested the auction, warning of risks to ecosystems and requesting consultation and impact studies they did not receive.
- The National Oil Agency noted signing bonuses totaled a record $180 million, and Petrobras along with ExxonMobil, Chevron, and CNPC won offshore blocks in a region geologically similar to Guyana.
- The event raises doubts about Brazil's climate objectives as it expands fossil fuel production ahead of hosting the COP30 summit in Belem, highlighting a conflict between economic and environmental goals.
70 Articles
70 Articles
Brazil auctions off several Amazon oil sites despite protests
BRASILANDIA, Brazil — Brazil auctioned off several land and offshore potential oil sites near the Amazon River on Tuesday. It aims to expand production in untapped regions despite protests from environmental and Indigenous groups. The event came months before Brazil is to host the UN’s first climate talks held in the Amazon. The protesters outside
Brazil handed over to a handful of oil companies this Tuesday the exploitation of 19 oil fields on the high seas, in front of the Amazon River Delta. It was part of the auctions that the National Petroleum Agency, a state agency, regularly made available to the market in total 172 areas. The Government celebrated the result all the way up, stressing that the auction “exceededed expectations” and represents an “absolute record” because it will co…
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ecotopical.com‘World’s largest’ carbon credit deal under fire as Amazon prosecutors seek repeal
In September 2024, the government of the Amazonian state of Pará signed a $180 million contract to sell 12 million carbon credits to international buyers, including companies such as Amazon, Bayer, H&M Group and the Walmart Foundation. The deal, which involves credits generated through Pará’s jurisdictional REDD+ program, made headlines as the world’s largest carbon credit sale to date. Nine months later, the contract, brokered by the nonprofit …
Indigenous, environmentalists and ecologists protested in Rio de Janeiro against the leion by putting an area of the Amazon basin at risk and by opposing Brazilian decarbonisation proposals.
Daily Journal
Brazil sells exploration rights to oil blocks near Amazon river mouth
Brazil sold exploration rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at the start of an auction slammed by environmentalists months before the
Associated Press News
Brazil auctions off several Amazon oil sites despite environmentalists and Indigenous protests
Brazil has auctioned off several land and offshore potential oil sites near the Amazon River, aiming to expand production in untapped regions despite protests from environmental and Indigenous groups.
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