About half the countries in the region are experiencing a rush in oil exploration that threatens the global drive to achieve net zero. But many argue that they have a right to enrich themselves in the same way the west has

His raised hands dirty with oil, the president of Brazil, Luiz Inácio Lula da Silva – then in his first term – stood in front of the cameras with a broad smile on his face during the inauguration of Platform P50, located in Campos, Rio de Janeiro. Petrobras, a state-controlled national company, had discovered immense oil and gas deposits in the Atlantic Ocean’s depths.

“Today we are celebrating another independence,” said Lula. “We are witnessing a milestone that will mark a new era to Brazil’s development.”

That was 21 April 2006. Eighteen years later, amid fears for the impact on the climate crisis, a new oil rush is underway in Latin America and the Caribbean as the region is heading for a boom in exports of “black gold”.

At least 16 of the 33 Latin American and Caribbean countries are involved in about 50 major new oil and gas onshore and offshore projects.

Two new powerhouses, Brazil and Guyana, are expected to register two of the three largest increases in fossil fuel exports by 2035.

  • @kiagam
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    826 days ago

    when the rich countries start paying to fix the problem, the the poor countries will stop trying to improve their situation and help.

    The north always says “do your part, we are all in this together” when asking to keep the status quo, but they have never accepted any treaty that makes them suffer the consequences of their actions (or are you gonna tell me that the south fucked up the world?)

    this is proposed every chance possible and is never accepted.

    The global south can be 100% commited to ending climate change and nothing would happen. If the north doesn’t take their oily, coaly money and do the heaby lifting, nothing will change. The task of saving the world is impossible.

    so as long as the north is short soghted and petty, the only reasonable action for the south is the same. sacrificing their short term well being just buys a little more time for the north to polute us to death