Brazil’s Lula hails new Amazon oil find as ‘passport to the future’ amid green backlash

Brazil’s Lula hails new Amazon oil find as ‘passport to the future’ amid green backlash
Brazil’s Lula hails new Amazon oil find as ‘passport to the future’ amid green backlash

Hello and welcome to the details of Brazil’s Lula hails new Amazon oil find as ‘passport to the future’ amid green backlash and now with the details

Nevin Al Sukari - Sana'a - Brazil President Luiz Inacio Lula da Silva displays oil-stained hands during a visit to the NS-42 drilling rig off Amapá state on August 17, 2026. — Agencia Petrobras handout pic via AFP

Advertisements

SÃO PAULO, Aug 18 — Brazilian President Luiz Inacio Lula da Silva on Monday hailed the discovery of oil near the Amazon coast as a “passport to the future,” despite strong opposition to drilling in the area from environmentalists.

Oil giant Petrobras last week announced it had identified the presence of hydrocarbons off the coast of northern Amapa state, nearly a year after it began drilling.

The majority state-owned firm began exploration after a five-year process to obtain an environmental permit.

The discovery is “a passport to this country’s future and in saying this, I’m not denying my fight to one day be free of fossil fuels,” Lula declared on a visit to Petrobras’s operations base, dressed in one of the company’s orange jumpsuits.

Brandishing a vial containing a sample of the crude, he joked: “I’m going to keep it in a chest, it’s so good, it smells so good.”

The veteran leftist supports the gradual phasing out of fossil fuels to curb climate change.

However, he believes Brazil needs oil revenues to fund the transition to clean energy and achieve energy sovereignty.

The oil was found in a maritime region known as the Equatorial Margin, about 175 kilometers (110 miles) off the Amazon coast.

Petrobras President Magda Chambriard said that another 15 to 20 days of drilling were needed to determine the size of the field.

Experts have warned for years that burning fossil fuels is the main cause of global warming.

Environmentalists also argue that drilling threatens a region rich in biodiversity, situated off the coast of the world’s largest rainforest.

Lula, 80, is seeking a fourth non-consecutive term in October elections. — AFP

 

These were the details of the news Brazil’s Lula hails new Amazon oil find as ‘passport to the future’ amid green backlash for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Sabbath cafe clash lays bare Israel faultlines
NEXT Trump threatens to hit Iran ‘very hard’ amid reports of new strikes

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]