Brazil grants oil exploration licence in Amazon region

Brazil grants oil exploration license in Amazon region despite environmental concerns. Despite opposition from conservationists, Petrobras receives approval to drill off the Amazon coast near the equator. The move raises worries about potential oil spills affecting the Amazon's unique ecosystem, with experts cautioning against new oil projects to achieve net zero global emissions by 2050. President Lula da Silva supports the exploration citing economic benefits, emphasizing the need for energy transition while defending Brazil's oil reserves.