Head of Brazil Climate Summit Defends Petrobras Oil Output Hike

The president-designate of this year’s climate summit in Brazil played down accusations from campaigners that the South American country’s plans to boost oil and gas production is in conflict with the drive to reach net zero. “We are thinking of a ‘net zero’ that incorporates some years continuing to use oil,” André Corrêa do Lago, president-designate for the UN Climate Change Conference (COP30) in November told the Financial Times in an interview published on Friday. The pledge for transitioning…