Environmentalists Urge Petrobras to Speed Up Shift to Renewables
Storage tanks near the Petrobras Reduc refinery in Duque de Caxias, Brazil.
Photographer: Dado Galdieri/BloombergA network of environmental groups is demanding Brazil’s state-owned Petroleo Brasileiro SA invest more in renewable energy just as the nation pushes to pump more oil and its climate goals come under a global lens ahead of a premier conference.
Oil and gas exploration should shrink, not dominate, Petrobras’s portfolio if Brazil is to meet its international emissions targets, the groups argue in a new report.