AGP Executive Report
Last update: 9 hours agoEnergy Transition: Brazil unveiled roadmaps to phase down fossil fuels and curb deforestation, while urging countries to assess their readiness for the shift ahead of COP31. The plans call for national transition strategies and more investment. Offshore Oil: bp reported hydrocarbons at its Santos Basin well, while Petrobras found a third oil-bearing interval offshore Amapá, extending exploration in two key regions. Blue Economy: Rio de Janeiro state launched platforms to track ocean-linked industries and monitor Guanabara Bay, supporting sectors including ports, oil and gas, shipbuilding and fishing. Manufacturing Exports: Brazilian agricultural machinery exports to Europe rose 13% in the first half to US$84 million, as manufacturers seek new distributors at EIMA in Italy. Carbon Market: From 2027, companies emitting over 10,000 tonnes a year will face emissions reporting rules, covering fewer than 600 large firms. Industry Pulse: Brazilian factory activity remains in contraction, while the next government faces a R$230 billion infrastructure concession agenda.
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