17 Dec, 23

BRICS in the Land of Energy Transition

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At the last meeting of OPEC+, Brazil joined OPEC as its newest member. The move was not previously advertised and may have surprised some, especially after in the summer, President Lula da Silva announced a “most ambitious” energy transition package. At COP28, OPEC took intense heat for opposing language that would spell out the end of its members’ oil industries. Saudi Arabia was specifically singled out as the villain even as it earmarks billions of dollars for transition projects and was recently reported to have raised…

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