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Brazil to auction oil camps despite environmental warnings

From business.financialpost.com

The administration of President Jair Bolsonaro plans to auction seven offshore oil fields in the northeast despite contrary advice from analysts of Brazil’s main environmental body, according to documents obtained by the Associated Press. Environmentalists say it’s the latest example of how Bolsonaro, who campaigned on promises to revive Latin America’s largest economy by cutting red tape, is pushing aside warnings and scientific evidence in the name of progress. It comes at a time when Brazil, one of the world’s largest oil producers and energy consumers, is moving toward the privatization of several industries, ... (full story)

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