About half the countries in the region are experiencing a rush in oil exploration that threatens the global drive to achieve net zero. But many argue that they have a right to enrich themselves in the same way the west has
His raised hands dirty with oil, the president of Brazil, Luiz Inácio Lula da Silva – then in his first term – stood in front of the cameras with a broad smile on his face during the inauguration of Platform P50, located in Campos, Rio de Janeiro. Petrobras, a state-controlled national company, had discovered immense oil and gas deposits in the Atlantic Ocean’s depths.
“Today we are celebrating another independence,” said Lula. “We are witnessing a milestone that will mark a new era to Brazil’s development.”
That was 21 April 2006. Eighteen years later, amid fears for the impact on the climate crisis, a new oil rush is underway in Latin America and the Caribbean as the region is heading for a boom in exports of “black gold”.
At least 16 of the 33 Latin American and Caribbean countries are involved in about 50 major new oil and gas onshore and offshore projects.
Two new powerhouses, Brazil and Guyana, are expected to register two of the three largest increases in fossil fuel exports by 2035.
We all share the same planet. This is shortsighted and self-defeating.
People got rich off of slavery, do you think others should be allowed to do that as well? Because it’s not fair to stop it when others didn’t benefit yet.
Like arguing you had right of way from six feet under.
It’s reasonable to pay other countries for the damage already done to our collective world and to share around the wealth gained.
Of course rich countries aren’t doing that so here we are.
Fine, but you need to facilitate the acquisition of green tech on the part of poor countries to at least partially replace fossil capacity, like waiving patents (not gonna happen, look at COVID vaccines), relocating production there (muh jerbs), subsidies (no, lol)…?