Reported 1 day ago
Oil has overtaken soybeans to become Brazil's leading export, with crude export values rising 5% to $44.8 billion in 2024. This trend highlights Brazil's role as a fossil-fuel powerhouse as it prepares to host COP30. The growth in oil exports comes amid declining soybean prices and volumes, raising concerns about environmental commitments as the nation grapples with internal conflicts over fossil fuel exploration.
Source: YAHOO