Posted on 12/09/2019 6:20:37 PM PST by artichokegrower
Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in spite of growing global concerns about climate change, the country’s energy minister told Reuters on Monday.
(Excerpt) Read more at gcaptain.com ...
Which is why Brazil is fine and Venezuela sucks wind.
Well it is nice to have a govt that makes sense in one of those countries down there.
Venezuela is a disaster.
Climate concerns? Don’t they have air conditioning?
The only ones concerned about the climate are those who stand to profit from the climate scam.
Suck it Greta.
Soros?
You can post more than two sentences. That crap site is full of malware anyway. No one should go there. Just post the whole thing if it’s worth posting.
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By Jake Spring MADRID, Dec 9 (Reuters) – Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in spite of growing global concerns about climate change, the country’s energy minister told Reuters on Monday.
Brazil’s Mines and Energy Minister Bento Albuquerque spoke on the sidelines of a climate summit underway in Madrid where UN leaders have been urging countries to do the opposite and aggressively cut emissions of climate-altering gases that come largely from fossil fuels, or risk a global catastrophe.
Albuquerque said Brazil as a developing country “could not release its grip on hydrocarbons,” saying oil would continue to be an important energy source for the world for many years to come.
The country – which heavily uses biofuel and gets a major chunk of its own power from hydroelectric and other renewable sources and – can do that while still meeting its goal to cut emissions under the Paris Agreement, Albuquerque said. In fact, Brazil has space to increase its target, he said.
“Because of its diversity of energy sources, Brazil will surpass its targets with a certain tranquility and will continue to explore its riches responsibly and sustainably,” the minister, an active navy admiral, said in an interview in an ornate historic military cultural center in downtown Madrid.
Brazil’s right-wing government led by President Jair Bolsonaro has firmly prioritized development over conservation since he assumed office Jan. 1.
Albuquerque said that the government would re-auction two exploration blocs, that failed to attract interest in a November auction, between August and October next year.
Major oil companies stayed away from the auction of the so-called “transfer of rights” oil area because of steep signing fees and the dominant position of state-owned oil firm Petrobras .
In another move to amp up development, Albuquerque said the government would send a previously promised bill allowing for commercial mining on indigenous reserves by the end of the year.
A 720-km (450 mile) power line that will pass through an indigenous reserve is also expected to receive an environmental license this month, allowing for construction to begin in January, he said.
The government has fast-tracked the project which will link the state of Roraima, which previously relied on crisis-wracked Venezuela for electricity, to the rest of Brazil’s power grid.
Albuquerque predicted that a long-held plan to privatize state-owned utility Eletrobras would receive the congressional approval it needs to move forward by June. (Reporting by Jake Spring Editing by Marguerita Choy)
gCaptain is a site for those in the maritime industry. I went to article with no problems no malware no issues.
The Paris Climate Agreement Survived Trump. Can It Survive Brazil’s Bolsonaro?
This is why Climate Hysterics are doomed.
No one is going to degrade their lives just to make these nuts feel better.
Barak Obama gave them 3 billion dollars in taxpayer money to drill there
Well there is always Sweden and Germany.
Just like in the good old days —— DRILL BABY DRILL!
I hope this is the beginning of the end of the absurd carbonphobia-based climate hoax.
the saudis will be crying themselves to sleep every night. Nobody needs them anymore.
Drill baby drill...Of course, Greta Turdberg will go there and say Como Voce Ousa...(Portuguese for How Dare You).
looks like the Brazilian government is smart enough not to eschew a true national bonanza over some made up shite that ALL of the rest of the oil-producing countries in the world ignore ...
I spent some time working in Brazil (Rio, Sao Paulo, and Porto Allegre) about 8 years ago. Most of the cars there run on ethanol. You see a few diesels now and then, but mostly ethanol. Walking down the sidewalk in any of the major cities smells like the the day after Mardi Gras on Bourbon Street. Brazil won't be using much of this oil themselves. It'll go on the open market. Labor prices in Brazil are rock bottom, too. They'll be able to produce cheaper than most. I've also worked in the Kingdom. Personally, I hope the Saudi's choke on it.
Been subscribing for over a year to that site and have never had a problem either.
Suspect the malware problem is elsewhere.
It's an informative website in an unusual field, despite it's Climate Change leaning. and deserves the hits.
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