Brazil Daily

Drilling oil from the Amazon rainforest?

Good morning! Brazil’s Infrastructure Minister defended oil-drilling in the Amazon rainforest. Lula comes back to the center stage of political discussions. The Senate must now analyze and vote on the pension reform. A rollercoaster ride for the Brazilian currency.

Drilling oil from the rainforest?

Brazil’s Infrastructure Minister Tarcísio de Freitas defended oil-drilling activities in the mouth of the Amazon River. Mr. Freitas criticized what he called an “ideologization” of debates around environmental issues, and called for a more “technical, rational” approach. “We are sitting on an immense wealth, waiting for [it to be replaced by another energy source]....

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