Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Brazil: No bids received for oil fields near coral reef
Marcelo Silva De Sousa, Associated Press
Updated 4:55 pm CDT, Thursday, October 10, 2019
RIO DE JANEIRO (AP) — The Brazilian government has failed to auction four oil fields located near one of the nation's biggest coral reef systems.
Seventeen companies participated in the 36-block auction held Thursday by the Brazilian Petroleum Agency, which auctioned off a third of the areas for more than $2 billion.
But after possible exploration caused worry among some environmental authorities and organizations, none of the companies submitted offers for the four fields off the coast of the northeastern state of Bahia.
. . .
Adriano Pires, an oil industry analyst, told The Associated Press that companies refrained from bidding for the fields because they "didn't want to get themselves in the middle of an environmental mess."
More:
https://www.chron.com/news/science/article/Companies-withhold-bids-for-fields-near-Brazil-14509761.php