South America Struggles To Balance Oil Economy And Environment ...Middle East

Economy by : (OILPRICE) -
The populations and leaders of several South American countries are determining the fate of their natural resources, as the question of a green transition and deforestation loom over them. In both Ecuador and Brazil, state powers are deciding whether to approve new oil and gas licenses or put the health of the rainforest first. While many Latin American states have the potential to develop their oil and gas sectors further, some are questioning the value of their natural resources, as pressure mounts for a global green transition. But will they…

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