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Brazil Approves Membership in OPEC+ Amid Climate Concerns

Brazil's government has approved joining OPEC+, marking its emergence as a significant oil producer just ahead of the UN climate summit.

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On Tuesday, Brazil's government approved its membership in OPEC+, indicating its rise as a major oil exporter. While Brazil aims for economic growth through oil, critics express concern over environmental impacts, especially as the country prepares to host COP30, where fossil fuel reduction is a core focus. Minister Silveira states Brazil's participation is non-binding, emphasizing the need for income and job creation alongside environmental efforts, including oil revenues to transition to green energy. Critics argue that fossil fuel exploration amidst climate commitments reflects a governmental setback on environmental progress.

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