Paul Polman urges Brazil to pivot from Foz do Amazonas oil exploration to green energy

Business leader Paul Polman argues that Brazil's proposed oil exploration in the Foz do Amazonas basin is economically and environmentally unsound, labeling it a potential stranded asset. He advocates for redirecting capital toward green energy to position Brazil as a strategic third force in the global rare earths race between the US and China. The proposal highlights ongoing domestic friction regarding Brazil's long-term energy strategy.