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Brazil Likely to Skip Daylight Saving Time in 2023
The Energy Ministry suggests that Brazil won’t have daylight saving time in 2023. A recent report from the Folha de S. Paulo newspaper supports this claim. Officials say current energy plans are robust, assuring reliable power. Brazil is entering its hottest period with ample hydroelectric reserves. These reserves help in supplying affordable, renewable energy like […]
Localiza’s Credit Rating Climbs with Brazil’s Economic Boost
Moody’s has upgraded Localiza’s global credit rating from “Ba2” to “Ba1,” a significant development for Brazil’s largest car rental company. The agency also shifted Localiza’s outlook from positive to stable, indicating a balanced view of its future. This change stems from Brazil’s improved sovereign credit rating, recently raised to “Ba1” with a positive outlook. The […]
Petrobras Plans E-Methanol Plant with European Energy
Petrobras, a Brazilian state-owned company and the largest oil firm in Latin America has partnered with Denmark’s European Energy. They aim to explore building an e-methanol plant in Brazil. Announced on November 16, 2023, this plan focuses on creating sustainable “green methanol.” The project’s goal is to produce fuel from green hydrogen. This hydrogen comes […]