Despite some progress, Latin America still faces a significant wealth gap, with Brazil topping the global disparity list in 2022 as per UBS’s Global Wealth Report 2023. This report found 48.4% of Brazil’s total wealth was with only 1% of its people. Other nations, including India, the USA, China, and Germany, trailed Brazil. The Economic Commission for […]
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Brazil to Maintain Oil Production Until Achieving Developed Nation Status
Brazil’s Energy Minister, Alexandre Silveira, stated the country will keep producing oil and gas until it matches industrialized nations’ development levels. In an interview with Folha de São Paulo, he emphasized that this approach is necessary despite the global trend towards renewable energy. Silveira highlighted that oil and gas would remain pivotal until Brazil reaches […]