Category Archives: News

Brazil’s Oil Boom: Lula Pushes for Amazon Drilling Despite Environmental Concerns

Offshore oil rig near the Amazon River as Brazil expands drilling under Lula’s leadership.

Brazilian President Luiz Inacio Lula da Silva is pressuring the country’s environmental regulators to approve oil drilling near the mouth of the Amazon River, arguing that revenue from this new fossil fuel supply could help finance a transition to green energy. Located in the Equatorial Margin, the offshore site, Bloc 59, is about 160 kilometers (99 miles) […]