OiapoqueLula called new Amazon oil a “passport.”
Deepwater crude could fund Brazil’s energy transition or undercut the climate diplomacy Lula champions.
Petrobras detected hydrocarbons, not a confirmed reserve; determining commercial viability could take a decade.
A lawsuit over spill risk and indigenous consultation at the river mouth remains unresolved.
Sources: U.S. News & World Report, Yahoo! Finance, Free Malaysia Today