Publication - Brazil at a Crossroads: Rethinking Petrobras Oil and Gas Expansion
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Title
Brazil at a Crossroads: Rethinking Petrobras Oil and Gas Expansion
Publisher
International Institute for Sustainable Development (IISD)
Author
Olivier Bois von Kursk, Joachim Roth, Ricardo Junqueira Fujii, Carolyne Schiavo, Laura Hurtado Verazaín, Emir Erhan
Published in
June 2025
Abstract
Brazil plans to expand oil and gas production by 20% by 2030. National oil company Petrobras accounts for more than half of this planned expansion. In a joint report, the International Institute for Sustainable Development, WWF-Brazil, and the World Benchmarking Alliance analyzed the economic risks to this approach and compared Petrobras' climate performance to other oil and gas companies.
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