Brazil auctions off several Amazon oil sites despite environmentalists and Indigenous protests
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Brazil auctioned off several land and offshore potential oil sites near the Amazon River on Tuesday as it aims to expand production in untapped regions despite protests from environmental and Indigenous groups.
The event came months before Brazil is to host the U.N.’s first climate talks held in the Amazon. The protesters outside Tuesday’s venue warned of potential risks that oil drilling poses to sensitive ecosystems and Indigenous communities in the Amazon.
Nineteen offshore blocks were awarded to Chevron, ExxonMobil, Petrobras and CNPC. The oil companies see the area as highly promising because it shares geological characteristics with Guyana, where some of the largest offshore oil discoveries of the 21st century have been made.
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Brazil auctioned off several land and offshore potential oil sites near the Amazon River on Tuesday as it aims to expand production in untapped regions despite protests from environmental and Indigenous groups.
The event came months before Brazil is to host the U.N.’s first climate talks held in the Amazon. The protesters outside Tuesday’s venue warned of potential risks that oil drilling poses to sensitive ecosystems and Indigenous communities in the Amazon.
Nineteen offshore blocks were awarded to Chevron, ExxonMobil, Petrobras and CNPC. The oil companies see the area as highly promising because it shares geological characteristics with Guyana, where some of the largest offshore oil discoveries of the 21st century have been made.
This feels like it would have been the perfect subject of a global fundraiser to just buy the sites at the auction.
