Petrobras is ready to produce renewable diesel from soy or other edible oils at commercial scale and will expand investments in the segment as soon as it is granted a sales permit, the company's refining head, Anelise Lara, says.
A settlement with state-run oil firm Petrobras allows states to partially compensate for weakening environmental protections under President Bolsonaro.
Nearly one hundred oil spills have been detected along Brazil's northeast coast since early September. Brazil's environment agency said an analysis of the crude showed it was not produced by the country.
Shareholders want oil companies to show they care about climate change
Shell and BP annual meetings demonstrate the shifting priorities of investors and the wider industry should take note.