According to Hartung, the alliance with oil-producing countries could jeopardize Brazil’s efforts in pursuit of sustainability and conservation of natural resources. He emphasized the importance of maintaining independence regarding agreements that could harm the environment and the national economy.
The former governor of Espírito Santo and environmental issues specialist, Paulo Hartung, criticized the potential entry of Brazil into OPEC+, a cartel that brings together the main oil producers in the world. This invitation was signaled by members of the government, including President Lula, who indicated that Brazil would be part of the organization, but as a mere observer.
In an interview with Felipe Miranda during a live stream celebrating the 14th anniversary of Empiricus, Paulo Hartung emphasized that Brazil’s mission is to end deforestation, mining, and land grabbing, as well as to establish institutions like the national carbon market. He stressed that the country must advance in second-generation ethanol, hydrogen, and other energy sources as part of the challenge of energy transition. For Hartung, this energy transition is a model for the world to perceive as committed to the issue, and the discussion about joining OPEC hinders that objective.
Paulo Hartung also recalled that Brazil received the title of ‘Fossil of the Day’ after joining OPEC. This award is ironically granted by the Climate Action Network (CAN), composed of activists in the field. In his opinion, Brazil should not have joined OPEC, as when Brazil’s image should have been strengthened, it ended up taking a counterproductive initiative.
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China inaugurates a new era by signing a $5.1 billion project to expand one of the largest gas fields on the planet, adding 10 billion m³ per year and reinforcing an energy mechanism that already moves 30 billion m³ annually towards its market.
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While the world felt the pinch of rising oil prices, oil companies pocketed at least $23 billion extra from the crisis in Ormuz.
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Oil plummets more than 10% and the market turns upside down after Iran opens Hormuz and eases fears about the main route in the Gulf.
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Petrobras robots confirm the presence of hydrocarbons in the pre-salt of the Campos Basin at a depth of 2,984 meters, in a new exploratory well located 201 km off the coast of Rio de Janeiro.
The specialist emphasized the importance of investing in other energy sources, but that does not mean Brazil should abandon oil production and exploration. He believes that Brazil and the government need to have balance, rationality, wisdom, and intelligence to make choices amid a world of conflicts, highlighting events such as the struggle between Hamas and Israel, as well as between China and the United States, and Russia’s invasion of Ukraine.
Paulo Hartung believes that Brazil should live in cooperation with the two ‘fighters’, prioritizing the well-being of the Brazilian population. He concluded by emphasizing that the country is going through a moment of rearrangement of globalization, which requires wise and strategic choices from the government.
Source: MoneyTimes

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