Brazil’s president is hailing a major oil discovery near the Amazon as a “passport to the country’s future,” but environmentalists are sounding the alarm over the fragile ecosystem at risk. While Lula insists this deep-water find—located nearly 3,000 meters down—is vital for funding Brazil’s eventual green transition, critics question its profitability and warn of ecological disaster. The move, made ahead of a key climate summit, drew international criticism, especially from Europe, but Lula defends it as a matter of national sovereignty. Meanwhile, locals in Oiapoque are already flocking in, hoping for jobs and economic revival from the new energy boom.
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