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48 results for “Amazon”
Petrobras to Drill Three More Equatorial Margin Wells After Securing IBAMA Approval
Brazil's state-owned oil company, Petrobras, has secured environmental approval to drill three new exploratory wells in the Foz do Amazonas basin, opening a high-stakes energy frontier.
Petrobras Pushes for Amazon Mouth Drilling Start in January Despite Court Challenge from Federal Prosecutors
Brazil’s state-controlled oil company plans to proceed with a new phase of exploration in the Foz do Amazonas basin after Ibama approval, even as federal prosecutors seek an injunction.
Brazil Ties Agribusiness Credit to Amazon Deforestation Monitoring with Satellite Data
Brazil's National Monetary Council has mandated that financial institutions use official satellite data from INPE's PRODES system to check for illegal deforestation before granting subsidized rural credit.
Political Uncertainty in Brazil Election Threatens R$6.7 Billion Amazon Fund and EU Agribusiness Access
The October 2026 Brazil election poses a critical risk to national climate commitments and R$6.7 billion in the Amazon Fund, jeopardizing EU market access for Brazilian agribusiness.
Federal Prosecutors Seek to Suspend Petrobras’ Amazon Oil Discovery License
Brazil’s Federal Public Ministry is challenging Petrobras’s license for the Morpho well, citing a failure to consult Amazon traditional communities.
Brazil’s Environmental Agency Approves Three New Petrobras Wells in R$7 Trillion Equatorial Margin
Brazil’s environmental regulator, IBAMA, authorized Petrobras to drill three new exploratory wells in the sensitive Equatorial Margin, a region President Lula views as a crucial economic frontier.
Lula Declares Equatorial Margin the 'New Pre-Salt,' Framing Oil Push as Defense Against US Interest
Brazil's President Luiz Inácio Lula da Silva compared a new offshore oil frontier to the massive Pre-Salt reserves, tying exploration to national sovereignty and US politics.
Lula Escalates Sovereignty Rhetoric Over Brazil's 'New Pre-Salt' Oil Frontier
Brazil's President Lula is framing the development of the Equatorial Margin oil reserves as a crucial test of national sovereignty and a defense against foreign interests.
Lula Links New Equatorial Margin Oil Frontier to Sovereignty, Warning of US Interest
President Luiz Inácio Lula da Silva called the Equatorial Margin a potential "new pre-sal," framing the exploration push by Petrobras as a defense of Brazilian sovereignty against perceived US interest.
Brazil’s Ferrogrão Railway Moves Toward Tender Despite R$33 Billion Cost and Public Fund Debate
Updated studies for the 933-kilometer grain railway in the Amazon were submitted to Brazil's Federal Court of Accounts for tender review.
Lula Demands Judicial Transparency as $2.5 Billion Energy Auction and Amazon Oil Drilling Advance in Brazil
Lula demands judicial reform amid scandal; government pushes $2.5B energy auction and Amazon oil drilling; Nubank invests $8.2B.
Brazil Environmental Regulator Approves More Drilling for Petrobras in Key Amazon Frontier
Brazil's environmental agency authorized three contingent wells for Petrobras in the Foz do Amazonas basin, unlocking billions in potential value.
Political and Environmental Risks Loom Over $15.9 Billion Petrobras Asset in Foz do Amazonas
Scotiabank estimates that exploration in the environmentally sensitive Foz do Amazonas basin is critical to 14% of Petrobras’s value.
Brazil’s BNDES Unlocks R$180 Million Green Finance for Amazon Restoration in Highly Deforested Pará Region
Brazil’s development bank announced R$180 million in financing for a 40-year concession to restore more than 10,000 hectares of degraded land in the Triunfo do Xingu region of Pará.
AWS Commits R$10.1 Billion to Brazil Data Centers, Fueling Generative AI Infrastructure
Amazon Web Services (AWS) announced a R$10.1 billion ($1.8 billion) investment in São Paulo state through 2034, a massive foreign direct investment aimed at expanding its cloud and generative AI infrastructure in Brazil.
Lula’s Independence Day Speech Hardens Stance on Sovereignty, Signaling Resource Nationalism
President Lula used his Sept 7 address to stress national control over resources like critical minerals and Amazon oil.
Brazil’s Federal Prosecutors Demand TikTok Remove 108 Ads for Mercury Fueling Illegal Gold Mining in the Amazon
Brazil's Federal Public Ministry has ordered TikTok to remove over 100 posts advertising metallic mercury, a key vector for Amazon environmental contamination.
Ibama Clears Petrobras to Drill Three More Wells in Environmentally Sensitive Amazon Mouth
Brazil's environmental agency authorized Petrobras to expand exploratory drilling off Amapá, signaling a major push into the controversial oil frontier.
Brazil’s Supreme Court Pauses Final Review of Indigenous Land Demarcation Rules
The STF is weighing motions that determine if compensation rules for non-Indigenous occupants will stall land claims.
Brazil Supreme Court Upholds State Laws That Effectively End Amazon Soy Moratorium
Brazil's Supreme Court dealt a major blow to conservation, validating tax penalties for companies that adhere to the successful Amazon Soy Moratorium.
Petrobras Secures Brazilian Navy Cooperation for High-Stakes Equatorial Margin Drilling
New naval cooperation agreement boosts legal and logistical security for Brazil's controversial oil frontier near the Amazon River mouth.
Brazil STF Upholds Voluntary ESG Standards But Allows States to Punish Adherence
Brazil's Supreme Court ruled the Soy Moratorium is constitutional, but affirmed state laws that can penalize companies for using stricter private standards.
Petrobras Confirms Hydrocarbon Discovery in Foz do Amazonas, Opening Highly Contested New Brazil Oil Frontier
State-controlled Petrobras has confirmed an oil and gas find in the environmentally sensitive Foz do Amazonas Basin, a strategic move to replenish its reserves.
Marina Silva Warns of ‘Serra Pelada of Oil’ After Petrobras Discovery in Amazon Mouth
Brazil’s Environment Minister Marina Silva insists on extensive environmental studies before commercial exploration of oil in the sensitive Amazon Mouth region.
Former Petrobras Director Warns New Amazon Oil Finds Need Policy Shift from Pre-Salt Model
Ildo Sauer, who helped launch Brazil's pre-salt oil era, argues new Equatorial Margin discoveries must change from a profit-focused model.
Lula Allies Push State-Controlled Oil Model on New Brazil Frontier After Petrobras Find
Petrobras confirmed a hydrocarbon find in the Equatorial Margin, fueling a push by Lula's allies to introduce a production sharing model for future blocks.
Brazil Supreme Court Creates Regulatory Conflict for Amazon Soy Moratorium, Upholding State Penalties
STF upholds Amazon Soy Moratorium's constitutionality but validates state laws denying tax breaks to participating companies.
Lula Elevates Equatorial Margin Oil Discovery to National Sovereignty Issue
Brazilian President Luiz Inácio Lula da Silva links Petrobras's new oil find off the Amazon coast to national security and future wealth.
Petrobras Confirms Oil Find at Amazon Mouth, Seeking Three More Wells Amid Environmental Clash
Brazil’s state-owned oil giant Petrobras found hydrocarbons in the deepwater Morpho well, intensifying a major political and environmental fight.
Lula Re-Frames Amazon Oil Drilling as Global Supply Chain Necessity, Citing Hormuz Risk
President Lula has shifted his justification for Equatorial Margin drilling to national security following Petrobras's Morpho discovery.