Lula calls Amazon oil find a 'passport' to Brazil's future

Lula calls Amazon oil find a 'passport' to Brazil's future

Brazil's President Luiz Inácio Lula da Silva called oil drilling near the Amazon River a 'passport to the country's future' after Petrobras announced a hydrocarbon find off Amapa state. Environmental groups have sued to halt exploration, citing spill risks and climate impacts. The area may hold up to 10 billion barrels, but commercial viability remains uncertain.

Source: AP News

More in Business & Finance

Read the live feed on ZapIndies