🔥 The real price of gas

In the first year of his current term as Brazil’s president, Luiz Inácio Lula da Silva made the provocative claim that he wanted the country to become “the Saudi Arabia of green, renewable energy” within the space of 10 years.

However, as we have reported numerous times, the Lula administration’s climate leadership stands in stark contrast to its fossil fuels strategy. 

In last week’s Brazil Climate, we addressed the massive oil expansion plans of state-controlled major Petrobras. And in Wednesday’s issue of Brazil Daily, we explored the government’s huge natural gas proposal, which would nearly triple the country’s existing gas power fleet if completed…

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