Lula defends the Equatorial Margin and says that oil money will finance the energy transition
The President stated that Brazil is a leader in clean energy and that exploration in the Equatorial Margin will serve to drive the green transition.
247 - During a press conference in Jakarta, Indonesia, the president Luiz Inácio Lula da Silva defended the authorization for oil exploration in Equatorial Margin, highlighting that resources from fossil fuel exploration will be used to finance the energy transition. The press conference was broadcast by TV Brasil and it is available on the government's official YouTube channel (watch here).
Lula explained that the decision to allow research in the Equatorial Margin does not represent an environmental setback, but rather a strategy to consolidate Brazil's leadership in the global climate agenda.
"Brazil is one of the countries with the most renewable energy on the planet. Our gasoline has 30% ethanol and our diesel, 20% biodiesel. We authorize research, not exploration. And Petrobras is a company with an exemplary track record, without leaks," the president stated.
According to Lula, the goal is to use oil revenues to finance the development of clean energy sources. "The money from oil should be used to consolidate the so-called energy transition of the planet. Petrobras will cease to be just an oil company and become an energy company," he said.
Commitment to sustainability
The president emphasized that Brazil will continue to expand its sustainable energy matrix. Today, 87% of Brazilian electricity It comes from clean sources — one of the highest rates in the world. "As long as the world needs fossil fuels, Brazil will not throw away a wealth that can improve the lives of the Brazilian people," he stated.
Lula also emphasized that the country is an example of balance between economic growth and environmental preservation: “We are demonstrating competence. Petrobras has expertise in deep waters and operates with complete environmental safety.”
Climate leadership towards COP30
During the press conference, the president also highlighted that the COP30, which will be held in Belém do ParáThis will reinforce Brazil's role as an environmental power and advocate for sustainable development. He noted that countries like Indonesia have already announced their support for it. Rainforests Forever Fund, created by the Brazilian government.
The announcement reinforces Brazil's position as global leader in the energy transition, combining investments in research and technology with conservation policies and international cooperation.