The Japan Times - Black gold, green promises: Brazil's climate paradox

EUR -
AED 4.261283
AFN 74.261171
ALL 95.911296
AMD 437.051472
ANG 2.077072
AOA 1064.014708
ARS 1604.158648
AUD 1.668951
AWG 2.090029
AZN 1.968011
BAM 1.955921
BBD 2.336515
BDT 142.693116
BGN 1.983348
BHD 0.438038
BIF 3446.905945
BMD 1.160322
BND 1.488275
BOB 8.015909
BRL 5.991293
BSD 1.160107
BTN 107.669216
BWP 15.777858
BYN 3.450006
BYR 22742.304383
BZD 2.333145
CAD 1.612337
CDF 2651.334459
CHF 0.918632
CLF 0.02714
CLP 1071.220348
CNY 7.990613
CNH 7.977391
COP 4274.137632
CRC 539.363521
CUC 1.160322
CUP 30.748524
CVE 110.271334
CZK 24.511787
DJF 206.583439
DKK 7.472135
DOP 69.797017
DZD 154.001379
EGP 62.19185
ERN 17.404825
ETB 181.140553
FJD 2.619311
FKP 0.880105
GBP 0.871082
GEL 3.121197
GGP 0.880105
GHS 12.761448
GIP 0.880105
GMD 85.863393
GNF 10173.5844
GTQ 8.87451
GYD 242.797548
HKD 9.094143
HNL 30.817098
HRK 7.532231
HTG 152.277934
HUF 381.849964
IDR 19626.840747
ILS 3.633618
IMP 0.880105
INR 108.387849
IQD 1519.652777
IRR 1526838.254012
ISK 143.786795
JEP 0.880105
JMD 183.470539
JOD 0.822688
JPY 183.747958
KES 150.922833
KGS 101.470385
KHR 4641.546639
KMF 497.202931
KPW 1044.22375
KRW 1746.330183
KWD 0.358714
KYD 0.966814
KZT 551.491679
LAK 25566.900867
LBP 103886.387139
LKR 365.701007
LRD 212.875071
LSL 19.483319
LTL 3.426128
LVL 0.701867
LYD 7.399425
MAD 10.836522
MDL 20.435407
MGA 4908.556934
MKD 61.622251
MMK 2437.146558
MNT 4145.506946
MOP 9.366784
MRU 46.280658
MUR 54.291439
MVR 17.94964
MWK 2011.619574
MXN 20.713888
MYR 4.67259
MZN 74.202229
NAD 19.484159
NGN 1604.155992
NIO 42.693924
NOK 11.207465
NPR 172.271289
NZD 2.010205
OMR 0.44614
PAB 1.160132
PEN 4.036371
PGK 5.017202
PHP 69.816317
PKR 323.677093
PLN 4.279092
PYG 7534.367862
QAR 4.229707
RON 5.096133
RSD 117.4315
RUB 93.177821
RWF 1697.799952
SAR 4.355121
SBD 9.33135
SCR 16.074957
SDG 697.353606
SEK 10.887739
SGD 1.487393
SHP 0.870542
SLE 28.485577
SLL 24331.377447
SOS 662.97808
SRD 43.365829
STD 24016.315521
STN 24.502886
SVC 10.150583
SYP 128.502495
SZL 19.477294
THB 37.702914
TJS 11.093359
TMT 4.072729
TND 3.405366
TOP 2.793775
TRY 51.604606
TTD 7.873927
TWD 37.098387
TZS 3011.034426
UAH 50.763697
UGX 4321.397206
USD 1.160322
UYU 47.152709
UZS 14091.809474
VES 549.154537
VND 30557.070711
VUV 139.521706
WST 3.223041
XAF 656.034262
XAG 0.015473
XAU 0.000245
XCD 3.135828
XCG 2.09062
XDR 0.824933
XOF 655.989028
XPF 119.331742
YER 276.910464
ZAR 19.477972
ZMK 10444.282546
ZMW 22.360537
ZWL 373.623099
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    0.7400

    15.09

    +4.9%

  • CMSC

    -0.4028

    21.9

    -1.84%

  • NGG

    0.9100

    84.6

    +1.08%

  • BCE

    0.0100

    25.24

    +0.04%

  • BTI

    0.2100

    58.47

    +0.36%

  • CMSD

    -0.4000

    22.1

    -1.81%

  • RIO

    4.4700

    93.29

    +4.79%

  • GSK

    0.9600

    55.19

    +1.74%

  • BCC

    0.9000

    75.85

    +1.19%

  • RELX

    0.4000

    33.15

    +1.21%

  • VOD

    0.3200

    15.02

    +2.13%

  • JRI

    0.3800

    12.3

    +3.09%

  • BP

    -0.3500

    47

    -0.74%

  • AZN

    3.3400

    197.22

    +1.69%

Black gold, green promises: Brazil's climate paradox
Black gold, green promises: Brazil's climate paradox / Photo: Pablo PORCIUNCULA - AFP/File

Black gold, green promises: Brazil's climate paradox

Can oil, the climate villain, be used to pay for its own demise?

Text size:

Brazil's President Luiz Inacio Lula da Silva thinks so. He is pushing for more oil exploration, including offshore from the Amazon rainforest, while casting himself as a global leader on climate change.

"The world is not yet ready to live without oil," Lula, the host of this year's COP30 UN climate conference, told a local podcast.

"I am against fossil fuels whenever we can do without them. But until we can, we need to use them. Oil money will help us develop biofuels, ethanol, green hydrogen, and other initiatives," he said during an event earlier this year.

Brazil is the eighth biggest oil producer and Lula wants state energy giant Petrobras to be the "largest oil company in the world."

At the same time, he urges world leaders to step up in the fight against the climate crisis and he has pledged zero deforestation by 2030.

Critics say Lula's position is contradictory; others see it as pragmatic.

"It's becoming increasingly clear that developing countries won't be able to count on rich nations to finance their climate agenda," said Jorge Arbache, an economics professor at the University of Brasilia.

It's much harder to force a country like Brazil not to extract oil than it is to tell a rich-oil producing nation like Norway the same thing, according to him.

He said the question should be how to use this oil, "and within what environmental parameters.

"That should be an adult conversation."

- 'A historic mistake' -

Off the coast of the Amazon in northern Brazil, the world's mightiest river crashes into the ocean, sending a muddy brown plume of freshwater hundreds of kilometers into the blue-gray Atlantic -- a striking color contrast visible from space.

Plans for oil exploration in the biodiverse Foz do Amazonas basin have become a symbol of Lula's environmental contradictions.

After being denied a license to explore for oil in 2023, Petrobras recently passed a key environmental test by the Ibama environmental agency -- despite serious concerns noted by the regulator over plans to protect wildlife in the case of an oil spill.

Petrobras said in a statement that it expected to receive a drilling license soon.

The Foz de Amazonas is part of a promising new offshore oil frontier, with nearby Guyana emerging as a major oil producer in less than a decade following large offshore discoveries.

Petrobras says its models show that an oil spill at the offshore site "would not be likely to reach the coast" and there would be "no direct impact" on Indigenous communities.

"There is no such thing as sustainable oil, period," Suely Araujo, a former president of Ibama and coordinator of the Climate Observatory NGO, told AFP.

"We're in the midst of a climate crisis, with a slew of extreme events, and the option to continue indefinitely increasing oil production is a historical mistake."

- Exporting the problem -

Even if Petrobras strikes oil, the new block could take a decade to enter production.

The International Energy Agency predicts demand for oil will fall after 2030, making continued drilling economically risky, Araujo said.

She said Brazil's existing oil money had not proven to "solve social problems."

Brazil's Federal Court of Auditors (TCU) this year flagged "severe dysfunctions" with the distribution of royalties from oil revenues, which multiplied by 40 between 2000 and 2022.

It said 87 percent of royalties went to only three states, based on rules drawn up decades before Brazil was a major oil producer.

Brazil is one of the world's largest emitters of harmful greenhouse gases, but with an unusual profile, as it meets most of its energy needs through renewables.

Felipe Barcellos e Silva, a researcher at the Institute for Energy and the Environment thinktank, said 50 percent of Brazil's emissions came from deforestation and another 25 percent from agriculture.

Brazil exports more than half of its oil, so emissions from it won't add to its own greenhouse gas tally, "but will still be released globally."

Shigueo Watanabe Jr., a researcher at the ClimaInfo institute, calculated that burning the estimated reserves from Block 59 alone would emit 2.5 billion tons of CO₂ equivalent -- more than a year of Brazil's emissions.

"It's incoherent to talk about a transition linked to destruction," said environmentalist and Indigenous expert Neidinha Surui, who has spent decades fighting to protect native lands.

"What the president is doing is contributing to the pressure on the climate and the destruction of the planet. I hope he changes his attitude and sets more realistic goals for protecting nature," she told AFP.

H.Takahashi--JT