President Jair Bolsonaro’s Project Seeks to Authorize Exploration of Indigenous Lands – Oil, Gas, Minerals, Hydroelectric Power, and Livestock, for Example, Are Among the Items to Be Approved by Congress
Oil exploration in Brazil may reach unconventional regions under the Bolsonaro administration alongside the mining sector; the opening of indigenous reserves to these economic activities was already on the Federal Government’s radar. These regions are rich in natural resources such as oil, gold, copper, nickel, and iron ore. The government’s goal is to bring economic development to these areas through exploration, creating jobs and boosting the economy.
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The project is controversial and has received criticism both in Brazil and abroad, as indigenous populations may be consulted but will not have veto power. The future of their lands will not depend on them. However, Minister of Mines and Energy Bento Albuquerque assures that many leaders of indigenous communities have asked the Bolsonaro government to allow mining on their lands.
Some tribal leaders, such as the chief and Nobel Peace Prize nominee Raoni Metuktire, for example, continuously travel across Europe trying to defend their territories from the exploitation promoted by the government.
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The prospector who heard about the advance of soy in Maranhão and opened a grocery store in Balsas in 1986 transformed that small store into Grupo Mateus, the third largest supermarket in Brazil, with revenues of R$ 43.5 billion and 490 units.
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Fiserv, the world’s largest payment processor, has just inaugurated its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Fiserv, the world’s largest payment processor, has just opened its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.
President Bolsonaro sees these campaigns as threats to national sovereignty and claims that these movements are attempts by other countries to seize territory, which he says aims to “appropriate” the Amazon not only for oil but for the abundance of energy resources found there.
The Government Is Against Taxation of Solar Energy
Last week, Bolsonaro expressed on social media his opposition to the charge by Aneel of a fee on its distribution network for customers who generate solar energy in their homes. Learn the details and justifications from the government on this subject here.

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