Oil production is a source of pride and identity for Brazilians.
Photographer: Dado Galdieri/BloombergThe Big Take
Brazil’s Green Ambitions Collide With Coming Oil Supply Shortage
Even as the country prepares for COP30, President Lula says the proceeds from a discovery are needed to fund the energy transition — but environmentalists aren’t buying it.
There’s a predicament that global leaders — particularly those who fashion themselves as proponents of a green future — are facing: The world’s insatiable desire for fossil fuels.
Nowhere is that on display more than in Brazil.