“Oil’s days are numbered”, says Fernando Haddad

“Oil’s days are numbered”, says Fernando Haddad

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The Minister of Finance, Fernando Haddad| Photo: Isaac Fontana/EFE

When talking about the controversial carbon market and defending measures to leverage the production of so-called “clean energy” in Brazil, the Minister of Finance, Fernando Haddad, said that “oil’s days are numbered”.

“Petrobras started investing in clean energy because it knows that its days are numbered for oil. It can last 20 or 30 years. But it is no longer a problem of how long the reserves will last, it is a problem of how much we will still be able to use this oil, because in fact we have to get out of this energy matrix”, said the minister, highlighting that he has invested in a “ecological transformation plan” to guarantee the country’s development in the coming years.

The statement was made during an interview given to the Canal Livre program, on TV Band, and was aired in the early evening of this Sunday (17).

Minister Fernando Haddad is in New York (United States) on the occasion of President Lula’s (PT) participation in the 78th General Assembly of the United Nations (UN).

Haddad is expected to participate in Lula’s bilateral meeting with US President Joe Biden next Wednesday (20) and also has meetings scheduled with businesspeople and investors.

Lula will meet Biden after condemning the economic embargo imposed on Cuba by the USA when speaking at the G77, last Saturday (16), in Havana.

This Sunday (17), Haddad will also participate in a dinner with businesspeople in New York promoted by the Federation of Industries of the State of São Paulo (Fiesp).

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