💨 Abstract

In Brasilia, Brazil, the government auctioned oil sites near the Amazon despite environmental protests. Nineteen offshore blocks were awarded to major oil companies. Environmental groups criticized the move, citing potential risks to the Amazon's ecosystems and Indigenous communities. The auction, held before Brazil's U.N. climate talks, saw 34 blocks awarded with a record $180 million in signing bonuses. Critics argue that expanding fossil fuel production contradicts Brazil's green energy goals and environmental advocacy efforts.

Courtesy: WTOP Staff