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Entries by Gelcy Bueno

Petrobras and Ecopetrol uncover Colombia’s largest gas basin

Gas volumes confirmed at the site surpass 6 trillion cubic feet 12/05/2024 Petrobras and Colombian company Ecopetrol have announced the largest gas discovery in Colombia’s history with the drilling of the Sirius-2 well, where gas volumes exceeding 6 trillion cubic feet (Tcf) have been confirmed. The consortium is set to invest $1.2 billion in the […]

Brazil poised to become the “Saudi Arabia of carbon markets”

Milken Institute hosts São Paulo meetings to showcase sustainable investment opportunities 12/02/2024 Executives from the Milken Institute, an American think tank that connects philanthropists and investors globally, are holding their first major event in São Paulo this week. The gathering brings together entrepreneurs, CEOs, public officials, and environmental specialists to explore investment opportunities, particularly in […]

Belo Sun Mining Announces Federal Court Ruling on INCRA Agreement

Dec 2, 2024 TORONTO, Dec. 02, 2024 (GLOBE NEWSWIRE) — Belo Sun Mining Corp. (“Belo Sun” or the “Company”) (TSX: BSX, OTCQB:BSXGF) reports that the Federal Court of Altamira, has ruled on a case filed by the Federal Public Defender’s Office (DPU) and the Public Defender’s Office of the State of Pará (DPE) in 2022 contesting the […]

Market frustration over fiscal plan fuels new wave of deterioration

Lack of fiscal sustainability drives projections for a stronger U.S. dollar and higher interest rates 12/02/2024 The long-awaited announcement of Brazil’s fiscal measures, which had been seen as a potential stabilizer for domestic assets amid worsening conditions in global markets, has instead fueled further deterioration in local prices. Experts warn that higher levels for the […]

CBA to recycle Tetra Pak packaging

Facility set to reach industrial scale in early 2025 11/26/2024 The Companhia Brasileira de Alumínio (CBA) is set to establish a plant dedicated to recycling flexible and carton packaging—commonly known as Tetra Pak—made of layers of paperboard, plastic, and aluminum, used for preserving food and beverages. Swedish multinational company Tetra Pak is the first partner […]

Carrefour apologizes, reaffirms commitment to Brazilian agriculture

French group highlights Brazil’s strict standards, high-quality beef, and longstanding partnership 11/26/2024 Carrefour Brasil released a letter on Tuesday (26) clarifying that its recent “statement of support for the French agricultural sector,” issued last Wednesday in the context of the EU-Mercosur trade agreement, was never intended to pit French agriculture against its Brazilian counterpart. The […]

Brazil powers AWS with renewable energy, CEO says

Amazon’s cloud computing giant, now under new leadership since June, continues to dominate the market 11/21/2024 The global cloud computing market reached $84 billion in the third quarter, driven by companies storing and transferring vast amounts of data—a trend attracting billions of dollars in investments. These investments are not only for building data centers but […]

Carbon tax poses limited impact on financial system, Central Bank says

Study model assesses additional emission costs through sector-specific tax imposition 11/21/2024 The Financial Stability Report (FSR) for the first half of the year indicated that a simulation measuring the effects of implementing a carbon tax to address climate risk shows a “limited impact” on Brazil’s National Financial System. The FSR was released by the Central […]

Adverse weather drives demand for rural insurance in low-adoption areas

In the Central West, insured soybean acreage rose by 500,000 hectares 11/22/2024 The rising frequency of extreme weather events in Brazil and the increasing difficulty of predicting adverse conditions and their impacts on agriculture have driven greater demand for rural insurance, particularly in regions that have historically avoided such protections. The insured soybean area—the primary […]