Lula’s Oil Gambit and the Amazon | Global News
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Lula’s Oil Gambit and the Amazon | Global News
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Brazil’s President Lula da Silva is betting big on a newly discovered offshore oil field near the Amazon, calling it a “passport to the country’s future” as he ramps up his reelection campaign. While Petrobras touts its clean record and the potential for economic revival—especially in underdeveloped northern states like Amapá—environmentalists and Indigenous groups are suing, claiming the licensing ignored community input and climate risks. Lula admits fossil fuels aren’t the long-term answer, framing this as a temporary bridge to fund Brazil’s green transition. Experts say commercial drilling could take a decade, but for now, Lula is using the find to rally voters and symbolize national prosperity.
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