-
MEXC Unveils "WE SEE YOU" Brand Visual Refresh, Putting People Behind Every Trade in Focus
-
Alonso to stay with F1 team Aston Martin in 2027
-
Thai capital cleans up after deadly floods
-
China badminton 'still strong' despite Asian Games slump
-
NATO, EU allies rally to Estonia after 'sabotage' blamed on Russia
-
'Exceptional' Turner painting shown in Rome before sale
-
Families demand justice for Cameroon's 'nightmare' wave of murdered women
-
European stocks climb as oil dips
-
Tebas says Man City should face 'most severe' sanctions if guilty of rule breaches
-
Spain aims to ban evictions until 2030 amid housing protests
-
Pochettino calls Man City success 'a period of deception'
-
Kunlavut first Thai man to win Asian Games badminton singles gold
-
Settler attack on West Bank village injures Israeli forces, drawing rare rebuke
-
French far right says antisemitism claims part of 'total war' to derail presidency bid
-
Mystery over UK airbase scare after reports no explosives found
-
'Gift from God': Rain brings relief from Indonesia toxic haze
-
Spanish govt races to adopt housing law under protest pressure
-
Ex-world snooker champion jailed for 7 years for child sex crimes
-
Estonia slams Russian 'sabotage' after arson attack on defence company
-
French teens clash with police as school blockades intensify
-
Slovenia sees surge in '.si' sites after Trump hypes 'super intelligence'
-
FIFA accuses UEFA of 'misinformation campaign' in bid for World Cup papers
-
'Like a dream' for An as Games organisers 'sorry' for latest mix-up
-
Myanmar airstrike toll hits 50 as families gather dead
-
Tokyo suffers longest streak of rainy days on record
-
STARTRADER Raises Lloyd's of London Client Fund Insurance to USD 30 Million in Aggregate
-
Indonesia charges train driver over crash that killed 16 women
-
North Korean DMZ landmine blasts 'violation of armistice': Seoul
-
صندوق النقد العربي يواصل دعم الاستقرار المالي والنقدي في المنطقة
-
الإمارات تعرض في الأمم المتحدة نهجها لخفض التصعيد وبناء الجسور
-
وزارة المالية تدعم توسع الشركات المصرية في السوق التنزانية
-
الدولار يقترب من ذروة شهرين وسط تقلبات حادة في أسواق النفط
-
محمد بن زايد يزور السعودية بعد فترة من الفتور في علاقات البلدين
-
ذكرى انتفاضة الأقصى تستعيد تحولات المواجهة الفلسطينية الإسرائيلية
-
مخيم البداوي يحيي ذكرى مقتل فتح شريف بفعالية جماهيرية
-
أزمة السيولة والوصول إلى الحسابات تضيق الخناق الاقتصادي على غزة
-
تدمير البيوت التراثية يهدد الذاكرة السياسية والعمرانية لجنوب لبنان
-
مستوطنون يضرمون النار في منزلين وسيارة بقرية جالود
-
اقتحامات واعتداءات إسرائيلية تسجل في عدة مناطق بالضفة الغربية
-
شركتان تستهدفان 500 مليون جنيه من عقود التمويل العقاري التشاركي
-
سهم شي إن يتراجع 14% رغم إعلان أول أرباح منذ الطرح
-
مصر تستهدف زيادة حصة الصادرات السلعية إلى 30% من الناتج المحلي
-
مجموعة الغندور ترصد 3 مليارات جنيه لتوسعات جديدة حتى 2030
-
مباحثات لجذب مستثمرين صينيين إلى مشروعات صناعية في مصر
-
العربي الأفريقي الدولي يوسع برامج إعداد القيادات المصرفية
-
أربع شركات دولية تعرض خططها للتوسع والاستثمار في السوق المصرية
-
إنفيديا تطلق منصة مفتوحة لضبط صلاحيات وكلاء الذكاء الاصطناعي
-
طيران الإمارات وغرف دبي تتعاونان لدعم تنافسية الشركات الصغيرة
-
دي بي ورلد تدشن خطاً بحرياً بين الهند والفجيرة وعُمان واليمن
-
بكين تتحدث عن عودة العلاقات مع طوكيو إلى مسارها الطبيعي
Brazil's Lula, environmentalist... and oil champion
President Luiz Inacio Lula da Silva has cast himself as a champion of the fight against climate change, but faces criticism from environmentalists for Brazil's booming oil production.
Since returning to office for a third term in January 2023, the veteran leftist has made solid progress on his pledge to end illegal deforestation in the Brazilian Amazon, which fell by half last year compared to 2022.
But climate campaigners were outraged in December when, just as the COP28 UN climate talks were being held in Dubai, Brazil announced it would join the OPEC+ group of oil-producing countries.
The timing earned Brazil, the world's ninth-biggest crude producer, the "Fossil of the Day" award from the Climate Action Network, which said the country's leaders "appear to have mistaken oil production for climate leadership."
"Brazil can't be a climate leader and petro-state. The two things are incompatible," Suely Araujo, policy coordinator at environmental group the Climate Observatory, told AFP.
- Record oil production -
Lula came to office vowing "Brazil is back" in the climate fight after four years of surging destruction under far-right ex-president Jair Bolsonaro (2019-2022) in the Amazon, whose hundreds of billions of carbon-absorbing trees are a key buffer against global warming.
In keeping with that message, Brazil is due to host the 2025 edition of the UN climate talks in the Amazon city of Belem.
But even as the Lula government fought to protect the Amazon, Latin America's top oil producer also racked up several monthly crude output records last year -- most recently in November, when it produced nearly 3.7 million barrels a day.
The energy ministry hopes to hit 5.4 million barrels a day in 2029, which could make Brazil the world's fourth-biggest oil producer.
"The world should be thankful to Brazil for being a reliable supplier" of oil, the head of the International Energy Agency, Fatih Birol, said this week during a visit to the country.
Brazil provides about three percent of global crude supply, he said.
Lula has pushed to expand further, and even wants to explore for oil near the mouth of the Amazon river -- a plan opposed by environmentalists, including his own environment minister, Marina Silva.
- 'Looking to the past' -
Oil accounts for around 13 percent of gross domestic product (GDP) in Latin America's biggest economy, according to economist Igor Barenboim.
Brazil exports about one-third of its oil output, which is "key to drive growth," Barenboim said.
Sales from oil and oil derivatives were $42.5 billion last year.
That money provides revenue for the state, including for Lula's cherished social programs.
Lula also argues oil money will be used to fund the transition to clean energy.
But "it's a mistake to want to generate revenue from (oil) exports, looking to the past and ignoring the severity of the climate crisis," said Araujo.
Enrico Marone, a spokesman for Greenpeace Brasil, said the country does not need any new oil.
"The oil fields currently in operation will provide enough resources to support the energy transition," he said.
Brazil currently relies on renewables for 47 percent of its energy mix, more than triple the world average of 15 percent, according to government figures.
Q.Najjar--SF-PST