China and Brazil thirsty for oil: what happened with promises to reduce carbon emissions?
Sergio Abranches
Over the last year and a half Chinese state-owned oil and petrochemical companies have committed near $160 billion to buy oil, and sand oil projects around the world, or to secure exclusive provision of oil from foreign producers. The Chinese thirst for oil knows no geopolitical constraints, no frontiers, no ideological impediments. Brazil is losing touch with reality.