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☆ Brazil’s Clashing Goals: Protect the Amazon and Pump Lots More Oil
▼ + stars: | 2024-03-13 | by ( Max Bearak | ) www.nytimes.com time to read: +1 min

Through his office window, the head of Brazil’s state-run oil company looked out at the cluttered landscape of Rio de Janeiro. Looking back at him, across the city’s run-down high-rises, was the looming statue of Christ the Redeemer. This, even as his country positions itself as a leader in the fight against climate change which, of course, is primarily driven by the burning of oil and other fossil fuels. Petrobras already pumps about as much crude oil per year as ExxonMobil, according to Rystad Energy, a market research firm. It’s an enormous predicament for Brazil’s president, Luiz Inácio Lula da Silva, better known simply as Lula, who has fashioned himself as the pre-eminent world leader on climate issues.

Persons: Christ, Hawks, Luiz Inácio Lula da Silva, Lula Organizations: Redeemer, Petrobras, ExxonMobil, Rystad Energy, Saudi Locations: Rio de Janeiro, China, Russia, Kuwait

☆ Brazil's Lula Attributes Key Interest Rate of 11.25% to Cenbank Chief's 'Stubbornness'
▼ + stars: | 2024-03-11 | by ( March | At P.M. | ) www.usnews.com time to read: 1 min

SAO PAULO (Reuters) - Brazil's President Luiz Inacio Lula da Silva said on Monday that there is no explanation for keeping the country's benchmark interest rate at the current 11.25% level apart from the "stubbornness" of central bank president Roberto Campos Neto.

Persons: Luiz Inacio Lula da Silva, Roberto Campos Neto Organizations: SAO PAULO, Reuters

☆ Jon Stewart says the Israel-Gaza solution could be a DMZ governed by an Arab NATO. Some experts say it's a pipe dream.
▼ + stars: | 2024-02-28 | by ( Matthew Loh | ) www.businessinsider.com time to read: +9 min

The DMZ would be enforced by an alliance of Arab countries, much like the North American Treaty Organization, Stewart said. While tongue-in-cheek, Stewart's solution isn't a new concept, experts on the Middle East told Business Insider. Advertisement"But really, Jon is conflating a Middle East 'NATO' with something else. Ironically, the very concept of the two-state solution could extend his political life, said Lord. "But only as part of a credible political process working toward a two-state solution, but unfortunately, this is something that the Israeli government rejects. "

Persons: Jon Stewart, Stewart, —, That's, let's, Jonathan Lord, Jon, Anna Jacobs, Jacobs, William Wechsler, Wechsler, It's, it's, Luiz Inacio Lula da Silva, Mohamed Chtatou, Chtatou, Israel, Weeks, Benjamin Netanyahu, Spencer Platt, Bibi, Mahmoud Abbas, Seth Wenig, Abbas, Lord Organizations: NATO, Service, American Treaty Organization, Treaty Organization, East, Business, Trump, East Strategic Alliance, Middle East Security, Center, New, New American Security, Getty, United, Rafik Hariri Center and Middle, Atlantic Council, United Nations, League, AFP, Mohammed V University, Palestinian Authority, West Bank, BI Locations: Israel, Gaza, Arab, Palestine, NATO, New American, Washington, DC, East, Iran, Gulf, Qatar, Belgium, Anadolu, United Arab Emirates, Morocco, Bahrain, Saudi Arabia, Jordan, Egypt, Rafik, United States, Cairo, Rabat, Europe, Korea, Palestinian

☆ Brazil’s former President Jair Bolsonaro denies harassing whale
▼ + stars: | 2024-02-28 | by ( Alessandra Castelli | ) edition.cnn.com time to read: +2 min

CNN —Police in Brazil are investigating former President Jair Bolsonaro over allegations he harassed a humpback whale. Bolsonaro said Wednesday that he had admitted to the Federal Police that he had approached a whale while riding a watercraft off the north coast of Sao Paulo state last June. “No one can understand why I am under investigation by the Federal Police regarding whale harassment,” Bolsonaro told CNN affiliate CNN Brasil. Investigators suspect that Bolsonaro was riding the vehicle at the time. He claimed the investigation into the whale encounter was “political” and part of a “relentless persecution” against him.

Persons: Jair Bolsonaro, Bolsonaro, ” Bolsonaro, ”, Luiz Inácio Lula da Silva Organizations: CNN — Police, Federal Police, CNN, CNN Brasil . Police, CNN Brasil Locations: Brazil, Sao Paulo, Brasilia

☆ Brazil’s Jair Bolsonaro rejects coup allegations as thousands of supporters rally in Sao Paulo
▼ + stars: | 2024-02-26 | by ( Michael Rios | ) edition.cnn.com time to read: +2 min

CNN —Former Brazilian President Jair Bolsonaro on Sunday led a large rally of his supporters in São Paulo as he denied allegations that he took part in a coup plot in an attempt to stay in power. Several former ministers who served in Bolsonaro’s government are also being investigated and some of his aides have been arrested, according to CNN affiliate CNN Brasil. Bolsonaro on Sunday insisted he is being persecuted, without directly mentioning the institutions handling the investigation, CNN Brasil reported. After Bolsonaro lost the election by a narrow margin to leftist President Luiz Inácio Lula da Silva, his supporters rioted and broke into government buildings in Brasilia on January 8, 2023. Bolsonaro was also seen waving an Israel flag during the rally Sunday in opposition to Lula da Silva, who has compared Israel’s offensive on Gaza to the Holocaust.

Persons: Jair Bolsonaro, São Paulo, ”, Bolsonaro, Luiz Inácio Lula da Silva, Lula da Silva Organizations: CNN, Former, Sunday, thronged, Brazilian Federal Police, CNN Brasil, Bolsonaro Locations: São, Brasilia, Brasília, Israel, Gaza

☆ U.S. Campaign to Isolate Russia Shows Limits After 2 Years of War
▼ + stars: | 2024-02-22 | by ( Edward Wong | Michael Crowley | ) www.nytimes.com time to read: +1 min

The Biden administration and European allies call President Vladimir V. Putin of Russia a tyrant and a war criminal. The president of Brazil says that Ukraine and Russia are both to blame for the war that began with the Russian military’s invasion. And his nation’s purchases of Russian energy and fertilizer have soared, pumping billions of dollars into the Russian economy. The views of the president, Luiz Inácio Lula da Silva, encapsulate the global bind in which the United States and Ukraine find themselves as the war enters its third year. Wielding economic sanctions and calling for a collective defense of international order, the United States sought to punish Russia with economic pain and political exile.

Persons: Vladimir V, Putin, Luiz Inácio Lula da Silva, Biden Organizations: Biden, United Locations: Russia, Brazil, Ukraine, Russian, United States, Moscow

☆ Israel to summon Brazilian ambassador after President Lula likens Israel’s actions in Gaza to Holocaust
▼ + stars: | 2024-02-18 | by ( Chris Liakos | Duarte Mendonca | ) edition.cnn.com time to read: +1 min

CNN —Israel said Sunday it is summoning the Brazilian ambassador to the country over what it says were “shameful and serious” remarks by Brazilian President Luiz Inacio Lula da Silva about the ongoing conflict between Israel and Hamas. Speaking earlier Sunday in Addis Ababa at the African Union summit, Lula called what is happening in the Gaza Strip a “genocide.”“What is happening in the Gaza Strip with the Palestinian people has no parallel in history. Israel has said its goal is to completely eliminate Hamas after they attacked Israel on October 7. Israeli Foreign Minister Israel Katz also posted on X saying, “No one will harm Israel’s right to defend itself. I have ordered the people of my office to summon the Brazilian ambassador for a reprimand call tomorrow.”Lula also made comments about the death of Kremlin critic Alexey Navalny.

Persons: CNN — Israel, Luiz Inacio Lula da Silva, Lula, Hitler, ”, Benjamin Netanyahu, “ trivializing, “ Israel, Israel Katz, “, ” Lula, Alexey Navalny, Vladimir Putin Organizations: CNN, Sunday, Nazi, Reuters Locations: Israel, Addis Ababa, Gaza, Brazilian, Russian

☆ Brazil's Lula Slams Israel on Gaza War, Says UN Failed
▼ + stars: | 2024-02-15 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

CAIRO (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday that the United Nations has failed to resolve international conflicts and harshly criticized Israeli actions in Gaza. Lula said there would not be peace without the establishment of a Palestinian state and called for an immediate ceasefire to allow humanitarian aid into Gaza. War in Israel and Gaza View All 209 Images"The killing must be stopped," he said. Lula said the permanent Security Council should be expanded and its veto powers abolished. Brazil has supported South Africa's case brought before the International Court of Justice against the Israeli military campaign in Gaza, he added.

Persons: Luiz Inacio Lula da Silva, Abdel Fattah al, Lula, Sisi, who's, Israel, Lisandra Paraguassu, Peter Frontini, Anthony Boadle, Andrew Cawthorne, Nick Macfie Organizations: United Nations, Arab League, . Security, Security, International Court of Justice Locations: CAIRO, Gaza, Brazil, Palestinian, Israel, Palestine

☆ Brazil Army Colonel Arrested in Military Coup Probe on Return From US
▼ + stars: | 2024-02-11 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Lisandra ParaguassuBRASILIA (Reuters) - A Brazilian army colonel wanted by police in an investigation into am attempted coup by associates of Brazil's former far-right president was arrested on Sunday when he returned from the United States. Colonel Bernardo Correa Neto was arrested at Brasilia's airport when he arrived and put in detention at an army garrison after a custody hearing. The Federal Police on Thursday raided Bolsonaro's beach house and political party office, confiscated his passport and accused him of editing a draft decree to overturn the election result as part of an alleged plot for a military coup. Thursday's police operation included search warrants against four former ministers, three of them retired army generals, and the arrest of four former aides, including Colonel Correa Neto. The president of Bolsonaro's right-wing political party, Valdemar Costa Neto, was also arrested on Thursday when a search of his Brasilia home turned up an unregistered firearm.

Persons: Bernardo Correa Neto, Jair Bolsonaro, Luiz Inacio Lula da Silva, Bolsonaro, Lula, Donald Trump, Correa Neto, Bolsonaro's, Valdemar Costa Neto, Alexandre de Moraes, Lisandra Paraguassu, Anthony Boadle, Mark Porter Organizations: Reuters, Inter - American Defense College, Federal Police, Supreme Locations: Paraguassu BRASILIA, United States, Brasilia's, Washington, Florida, Bolsonaro's, Brasilia

HALF MOON BAY, Calif. (AP) — Police in California arrested a man for allegedly stealing a small aircraft before crashing onto a beach and leaving the scene on Thursday. Deputies received a report of a small airplane landing “near or on a beach” in Half Moon Bay around 5 p.m., the San Mateo County Sheriff's Office said in a news release. Police said officers found the aircraft, intact but unoccupied, on the sand south of Poplar Beach, which is about 30 miles (48.2 kilometers) south of San Francisco. Deputies located a man matching the description of a person seen landing the plane and walking away, police said. The San Mateo County Sheriff’s Office is investigating the theft with the Palo Alto Police Department.

Persons: Luiz Gustavo Aires Organizations: — Police, San, San Mateo County Sheriff's, Police, San Mateo County Sheriff’s, Palo Alto Police Department Locations: Calif, California, San Mateo County, Poplar Beach, San Francisco, Miami, Redwood City, Palo Alto , California

☆ India's moment has arrived — but many hurdles remain
▼ + stars: | 2024-02-04 | by ( Spriha Srivastava | Polly Thompson | ) www.businessinsider.com time to read: +8 min

India's economy is expected to expand by 6.5% this year, according to IMF forecasts. The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos. Advertisement"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month. The 10-strong group of emerging market nations now accounts for 45% of the world's population and 28% of global GDP. AdvertisementSome economists have criticized the government's narrative as a "false growth story," highlighting discrepancies in the data and criticizing the methods used to calculate economic growth.

Persons: —, Hardeep Singh, Smriti Irani, BI's Spriha Srivastava, that's, Narendra Modi's, Cash, Modi, SAJJAD HUSSAIN, I've, Andy Baldwin, EY, Narendra Modi, Brazil's Luiz Inácio Lula da Silva, Dan Kitwood, Getty, ISRO Goldman Sachs, Ashoka Mody, Rajesh Kumar Singh, Vladimir Putin, Singh Organizations: Economic, Service, BI, IMF, Business, Apple, ISRO, Princeton University, World Bank, US, of, Hindustan Times, Harvard Business Locations: Davos, India, China, Japan, Brazil, China India, India's, Ukraine

☆ Lula's Approval Ratings Inch up Ahead of Brazil's Local Elections -Poll
▼ + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

Those who consider Lula's administration as bad or terrible increased marginally to 27.9% from 27.2 four months ago, it showed. The rating of the leftist president's performance edged up to 55.2% from 54.9% in September, while disapproval also rose slightly to 39.6 from 39.0%, the MDA poll commissioned by the transport sector lobby CNT. Lula gets his best approval ratings among lower-income Brazilians and in poorer northeastern Brazil, his political bastion. He does badly among higher income groups and evangelical Christian voters, MDA said. MDA polled 2,002 people in person between Jan. 18-21 and the poll has a margin of error of 2.2 percentage points.

Persons: Luiz Inacio Lula da, Lula, Marcelo Souza, Anthony Boadle, Steven Grattan, Susan Fenton Organizations: Reuters, pollster MDA, MDA, CNT, Christian Locations: BRASILIA, Brazil

☆ Brazil's Senate Leader Pacheco Says Government to Revoke Payroll Tax Proposal
▼ + stars: | 2024-01-19 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Brazilian Senate leader Rodrigo Pacheco said on Friday the government would revoke a proposal it made to phase out the extension of payroll tax exemptions for various labor sectors, yielding to the will of the lawmakers on the matter. Speaking at a Lide Group event in Switzerland, Pacheco said that payroll tax exemption for 17 sectors of the economy until 2027 would remain. "The exemption will stand, and there is a commitment from the federal government to...revoke this provisional measure in the part that concerns the payroll exemption," Pacheco said during a panel session at the event in Zurich. Lawmakers voted to extend payroll tax exemptions for 17 labor sectors until 2027, with an impact of 12 billion reais ($2.44 billion) that had not yet been incorporated into the 2024 budget. The government package, which met with immediate political opposition, proposed reducing and gradually phasing out these benefits.

Persons: Rodrigo Pacheco, Pacheco, we've, Luiz Inacio Lula da Silva, Eduardo Simões, Steven Grattan, Kirsten Donovan Organizations: Reuters, Lawmakers Locations: Switzerland, Zurich

Political Cartoons View All 253 Images"Very soon Oxfam predicts that we will have a trillionaire within a decade. With Brazil hosting this year's Group of 20 summit of leading industrial and developing nations, Lawson said it was a “good time for Oxfam to raise awareness” about inequalities. Brazilian President Luiz Inacio Lula da Silva has put issues that concern the developing world at the heart of the G20 agenda. To calculate the top five richest billionaires, Oxfam used figures from Forbes as of November 2023. For the bottom 60% of the global population, Oxfam used figures from the UBS Global Wealth Report 2023 and from the Credit Suisse Global Wealth Databook 2019.

Persons: — Tesla, Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, Warren Buffett, ”, Amitabh Behar, John D, Musk, Lawson, Luiz Inacio Lula da Silva, Forbes, ___ Pylas Organizations: Oxfam, Amazon, Oracle, Rockefeller of Standard Oil, Forbes, Brazil, UBS Global, Credit Suisse Global Wealth Locations: DAVOS, Switzerland, Swiss, Davos, Saudi Arabia, Ukraine, London

☆ Brazil reinforces border with Venezuela and Guyana over Esequibo tensions
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Dec 5 (Reuters) - Brazil's military is reinforcing its northern border due to rising tensions between its neighbors Venezuela and Guyana over Venezuela's claim to the Esequibo region, the Ministry of Defense said on Tuesday. Venezuela reactivated its claim over the Esequibo in recent years after the discovery of offshore oil and gas. In Sunday's referendum, Venezuelan voters rejected the jurisdiction of the International Court of Justice over their country's territorial dispute with Guyana and supported the creation of a new Venezuelan state in the potentially oil-rich Esequibo region. Brazil did not ask Venezuela to cancel the vote, but President Luiz Inacio Lula da Silva's government is expected to criticize the stepped up Venezuelan campaign for the Esequibo. An international tribunal in Paris in 1899 settled the issue, but Venezuela says the ruling was rigged.

Persons: Gisela Padovan, Nicolas Maduro's, Luiz Inacio Lula da Silva's, Ricardo Brito, Rodrigo Viga Gaier, Anthony Boadle, Bill Berkrot Organizations: Ministry of Defense, Mechanized Cavalry Regiment, Reuters, International Court of Justice, Thomson Locations: BRASILIA, Venezuela, Guyana, Boa Vista, Roraima, Ireland, America, Caribbean, Venezuelan, Brazil, British, Paris, Brasilia, Rio de Janeiro

He is expected to have dinner on Sunday with fellow leftist, German Chancellor Olaf Scholz, before the consultations on Monday. Scholz was the first foreign leader to visit Lula in Brazil, just weeks after his inauguration. The German Chancellor has been on a quest since taking office in late 2021 to improve ties with the Global South. Scholz will be hoping to avoid a scenario like in January when his visit to Brazil was overshadowed by differences over Russia's invasion of Ukraine. Lula last month said Israel was "committing terrorism" against Palestinians "by not taking into account that children are not at war, that women are not at war".

Persons: Luiz Inacio Lula da Silva, Ueslei Marcelino, Lula, Jair Bolsonaro, Olaf Scholz, Scholz, Lukas Koehler, Israel, Andreas Rinke, Sarah Marsh, Toby Chopra Organizations: Central Bank, REUTERS, Rights, Global, European Union, Mercosur, Brazil, EU, Free Democrats, U.S, Latin America, German, Thomson Locations: Brasilia, Brazil, Berlin, America, Germany, China, South, Argentina, Scholz's, Ukraine, Israel

☆ Lula in Berlin for First Brazil-Germany Talks in Eight Years
▼ + stars: | 2023-12-03 | by ( Dec. | At A.M. | ) www.usnews.com time to read: +2 min

Persons: Andreas Rinke, Sarah Marsh BERLIN, Luiz Inacio Lula da Silva, Lula, Jair Bolsonaro, Olaf Scholz, Scholz, Lukas Koehler, Israel, Sarah Marsh, Toby Chopra Organizations: Global, European Union, Mercosur, Brazil, EU, Free Democrats, U.S, Latin America, German Locations: Berlin, America, Brazil, Germany, China, South, Argentina, Scholz's, Ukraine, Israel

REUTERS/Thaier Al Sudani/File Photo Acquire Licensing RightsDec 3 (Reuters) - Brazil will never join the OPEC+ group of oil-producing nations as a full member and instead only seeks to participate as an observer, Brazilian President Luiz Inacio Lula da Silva said on Sunday. Lula's remarks to reporters at the U.N. COP28 climate summit in Dubai clarified his statements a day earlier that Brazil would "participate" in OPEC+. "Brazil should join OPEC+, it could be an observer," Lula said on Sunday. "Brazil will never be a full member of OPEC, because we don't want to be. Petrobras will continue to do what it needs to do to help Brazil grow, but will expand beyond just oil to all energy, Lula added.

Persons: Luiz Inacio Lula da Silva, Al Sudani, Lula's, Lula, Jake Spring, Will Dunham Organizations: United Nations, Change, United Arab Emirates, REUTERS, OPEC, Petrobras, PETR4, São Paulo, Thomson Locations: Dubai, United Arab, Brazil, OPEC, Africa, Latin America, Berlin, São

Finally Souza, an innkeeper and community leader in Bela Vista do Jaraqui, said he rallied two dozen neighbors to drill a 60-meter well in the heart of the world's largest freshwater basin. With rivers forming the backbone of transportation across the Amazon region, the drought has disrupted access to food and medicine in dozens of cities. The Amazon, the world's largest rainforest, is regarded by scientists as a bulwark against climate change because its dense vegetation absorbs carbon and emits oxygen. The five researchers predicting a 2026 recovery said the effects of the drought could endure even longer if El Nino is prolonged. That would release huge amounts of carbon dioxide, contributing to climate change and wiping out a wealth of plant and animal species found only in the Amazon.

Persons: Bruno Kelly, Raimundo Leite de Souza, Souza, Luiz Inacio Lula da Silva, Michael Coe, we're, El Nino, Coe, El, Philip Fearnside, Henrique Barbosa, Eduardo Taveira, Taveira, Paulo Brando, Brando, Barbosa, Brad Haynes, Jake Spring, Ana Mano, Andre Romani, Suzanne Goldenberg Organizations: REUTERS, Rights, Rio, cobras, United, Reuters, Research Center, National Institute of, Research, University of Maryland, Honda, LG, Positivo, GIANTS, Yale University, Sao Paulo, Thomson Locations: Tefe, Amazonas, Brazil, Rights MANAUS, caimans, Bela Vista, Guyana, Suriname, French Guiana, Venezuela, Colombia, United Nations, U.S, South America, South, Pacific, North America, El Nino, University, Baltimore, Western Europe, Brazil's Amazonas, Manaus, Itacoatiara, Madeira Rivers, Sao Paulo, Sao

☆ What are leaders saying at the UN climate summit?
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +3 min

President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan walks with Brazil's President Luiz Inacio Lula da Silva, alongside other world leaders and delegates, at Dubai's Expo City ahead of the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates,... Acquire Licensing Rights Read moreDUBAI, Dec 2 (Reuters) - World leaders addressed the COP28 summit on Saturday, where their countries' delegations are assessing progress towards meeting global climate goals. Because for every dollar that we spend before disaster, we can save $7 in damage, and indeed loss of lives. Leaders who deny climate science, delay climate action and spread misinformation. Corporations that greenwash climate inaction and lobby for billions of dollars in fossil fuel subsidies. ___For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.

Persons: United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, Luiz Inacio Lula da Silva, OLAF SCHOLZ, there's, POPE FRANCIS, State Cardinal Pietro Parolin, KAMALA HARRIS, William James, Elizabeth Piper, Nandita Bose Organizations: United, United Nations, Change, Vatican, State, Reuters, Thomson Locations: United Arab Emirates, Dubai, DUBAI, BARBADOS

☆ Lula says Brazil's participation in OPEC+ is to stop oil producers using fossil fuels
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Thaier Al Sudani/File Photo Acquire Licensing RightsSAO PAULO, Dec 2 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Saturday that Brazil's participation in the OPEC+ group of oil-producing countries is to convince nations to transition away from the use of fossil fuels. Brazil indicated on Thursday that it was on the brink of joining OPEC+, a group of 23 oil-producing countries. "We will lead oil-producing countries to accelerate the energy transition. Under the leadership of President Lula we want to use oil revenues to finance clean and renewable energy," he said. But Brazil is not expected to cap oil output as part of OPEC+, three sources told Reuters in a report published on Thursday.

Persons: Luiz Inacio Lula da Silva, Al Sudani, Lula, Alexandre Silveira, Silveira, Ricardo Brito, Steven Grattan, Matthew Lewis Organizations: United Nations, Change, United Arab Emirates, REUTERS, SAO PAULO, OPEC, Petrobras, PETR4, Reuters, Paulo, Thomson Locations: Dubai, United Arab, OPEC, Brazil, Africa, Latin America, South America

☆ Lula Says Brazil's Participation in OPEC+ Is to Stop Oil Producers Using Fossil Fuels
▼ + stars: | 2023-12-02 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +1 min

SAO PAULO (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Saturday that Brazil's participation in the OPEC+ group of oil-producing countries is to convince nations to transition away from the use of fossil fuels. Brazil indicated on Thursday that it was on the brink of joining OPEC+, a group of 23 oil-producing countries. "We will lead oil-producing countries to accelerate the energy transition. Under the leadership of President Lula we want to use oil revenues to finance clean and renewable energy," he said. But Brazil is not expected to cap oil output as part of OPEC+, three sources told Reuters in a report published on Thursday.

Persons: Luiz Inacio Lula da Silva, Lula, Alexandre Silveira, Silveira, Ricardo Brito, Steven Grattan, Matthew Lewis Organizations: SAO PAULO, Reuters, OPEC, Petrobras Locations: OPEC, Brazil, Dubai, Africa, Latin America, South America, Sao Paulo

U.S Secretary of State Antony Blinken speaks during the Transforming Food Systems in the Face of Climate Change event on the sidelines of the COP28 climate summit at Dubai Expo, in Dubai, United Arab Emirates December 1, 2023. SAUL LOEB/Pool via REUTERS Acquire Licensing RightsSummary COP 'side deals' have boomed in recent yearsVoluntary climate pledges yield mixed resultsSome have led to tougher CO2-cutting policiesDUBAI, Dec 2 (Reuters) - While the world's climate diplomats huddle over draft decisions to be made at the end of this year's U.N. climate summit, governments at COP28 are firing off a flurry of new promises for action. Among the expected pledges at COP28 are a goal to triple renewable energy capacity and initiatives on methane and coal power. These voluntary side deals have proliferated in recent years, even as global temperatures and greenhouse gas emissions continue to rise. "They go much further than what you can do multilaterally," said Marc Vanheukelen, a former EU official who led the bloc's work on an international methane emissions pledge launched at the COP26 climate summit in 2021.

Persons: Antony Blinken, SAUL LOEB, Marc Vanheukelen, Jonathan Banks, Laurie van der, OCI, It's, Erin Matson, Luiz Inácio Lula da Silva, Matson, Kate Abnett, Tommy Wilkes, Katy Daigle, Jon Boyle Organizations: Food Systems, United Arab Emirates, REUTERS Acquire, EU, Global, Air Task Force, Reuters, Bank, U.S, Change, WWF, Rainforest Alliance, Climate, Thomson Locations: Dubai, United Arab, DUBAI, COP28, Glasgow, U.S, Nigeria, Canada, The U.S, China, Russia, COP26, Britain, France, United States, Italy, Germany, Brazil

☆ Rift Over Fossil Fuels to Dominate COP28
▼ + stars: | 2023-12-01 | by ( Stacy Meichtry | Matthew Dalton | ) www.wsj.com time to read: 1 min

Leaders from the United Arab Emirates, the host of COP28, on the opening day of the summit in Dubai. Photo: Hollie Adams/Bloomberg NewsDUBAI—World leaders gathered for climate talks in this oil-rich corner of the globe amid sharp divisions over how quickly governments need to wean their economies off fossil fuels to prevent the planet from blowing past the Paris accord’s temperature targets. Vice President Kamala Harris was expected to join Brazilian President Luiz Inácio Lula da Silva , French President Emmanuel Macron and a host of leaders from across the Gulf region Friday at the start of a two-day summit to kick off the United Nations’ annual climate talks, known as COP28.

Persons: Hollie Adams, Kamala Harris, Luiz Inácio Lula da Silva, Emmanuel Macron Organizations: United Arab Emirates, Bloomberg News DUBAI —, Brazilian, United Nations Locations: Dubai, Paris, Gulf

☆ Brazil to join OPEC+ but won't cap oil output, Petrobras CEO says
▼ + stars: | 2023-12-01 | by ( Rodrigo Viga Gaier | ) www.reuters.com time to read: +2 min

Jean Paul Prates, CEO of Brazil's state-run oil company Petrobras, speaks during a news conference at the Petrobras headquarters in Rio de Janeiro, Brazil March 2, 2023. "We would never be part of an organization that imposes (production) quotas to Brazil, Petrobras is a publicly-traded company and we cannot have quotas." Brazil's energy minister said on Thursday the country was eager to join OPEC+ after a full technical analysis. Brazil is the largest oil producer in South America, at 4.6 million barrels per day of oil and gas, of which 3.7 million bpd are crude. Prates, who in October received OPEC Secretary General Haitham Al Ghais in Brazil, noted OPEC+ was a group that includes countries with no voting rights and to which production caps are not imposed, which would be the case of Brazil.

Persons: Jean Paul Prates, Pilar Olivares, Luiz Inacio Lula da Silva's, Haitham Al, Brazil's, Prates, Rodrigo Viga Gaier, Gabriel Araujo, Steven Grattan Organizations: Petrobras, REUTERS, DE, PETR4, Reuters, OPEC, Thomson Locations: Brazil's, Rio de Janeiro, Brazil, DE JANEIRO, OPEC, American, South America, Haitham Al Ghais

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