This week, we examine the negative knock-on effects of Jair Bolsonaro’s interference in Petrobras. The northern state of Acre faces a perfect storm of floods, epidemics, and a migrant crisis.
The hand on Petrobras is not invisible
Petrobras, Brazil’s state-controlled oil and gas firm, is under military intervention. On Friday evening, President Jair Bolsonaro announced his administration is pushing for a change in the company’s leadership — replacing CEO Roberto Castello Branco with retired Army General Joaquim Silva e Luna, who was at the helm of the massive Itaipu dam.
What’s behind the move. Mr. Bolsonaro was growing frustrated...