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As the COP28 climate conference opens in Dubai next week, Brazil will be presenting a contradiction to the world: while promising to accelerate its energy transition, the country continues to invest massively in oil.
One of the key movers in this area is Petrobras. In April, the country’s state oil company created a new directorate to oversee its work on the energy transition and renewables. Meanwhile, in a statement about its 2024-2028…