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Brazil's Political Turmoil Clouds Outlook for its Climate Action Plan

2016-04-12 15:36:00| Climate Ark Climate Change & Global Warming Newsfeed

Inside Climate News: As at least 130 countries prepare to sign the Paris climate agreement in New York later this month, environmental experts have warned that enthusiasm for climate change action may be waning in Brazil. The political and economic crises now rocking the Latin American heavyweight could undermine the key role played by Brazil in shaping the new international deal to curb global warming, they say. "It is very clear that the federal government is struggling for its political survival. As a consequence,...

Tags: plan action political outlook

 

Brazil's Petrobras to axe 12,000 jobs

2016-04-01 16:54:08| BBC News | Business | UK Edition

Brazil's state-run oil producer, Petrobras, is to cut 12,000 jobs as it struggles to save money following a bribery and price-fixing scandal.

Tags: jobs axe petrobras brazils

 
 

Braskem Doing Well Despite Brazil's Problems

2016-04-01 06:15:30| Chemicals - Topix.net

Braskem has leveraged lower input costs and strong chemical demand in the U.S. to offset weakening domestic demand for basic chemicals. The commercial launch of the new plant in Mexico is a major positive, but Braskem is caught up in the widespread Brazil corruption scandal and the ramifications could be material.

Tags: problems braskem brazils

 

Brazil's federal police launches new raid in Petrobras case

2016-03-22 16:08:09| Oil & Gas - Topix.net

Brazilian federal police were seeking to arrest 15 people on Tuesday as part of the corruption investigation centered on state-run oil producer Petroleo Brasileiro SA, police said. Tuesday's operation, codenamed "Xepa", uncovered a bribe-payment scheme led by engineering conglomerate Odebrecht SA, police said in a statement.

Tags: case federal police raid

 

Knorr-Bremse to deliver braking systems for Brazils RUMO/ALL fleet

2016-03-21 01:00:00| Railway Technology

Germany-based Knorr-Bremse has won a contract from Brazilian railroad logistics operator RUMO/ALL to deliver upgraded braking systems for its 8,500 freight cars.

Tags: systems deliver fleet braking

 

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