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Why Latin America can’t quit oil and gas

As COP30 approaches, Brazil and Colombia offer competing visions of a ‘just energy transition’ for developing countries

In the run-up to this year’s UN climate change summit, Brazil’s President Luiz Inácio Lula da Silva has touted himself as a global champion of the environment, pointing to big reductions in Amazon deforestation since taking office.

So environmentalists were dismayed when, just weeks before the COP30 meeting in the Amazonian port of Belém, Lula’s government approved a request from the national oil firm Petrobras to explore for crude off the mouth of the Amazon river.

“As long as the world needs it, Brazil is not going to throw away wealth which could improve the lives of the Brazilian people,” Lula told journalists after the decision.

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