| SCS | 0.12% | 16.14 | $ | |
| RYCEF | -1.19% | 16.8 | $ | |
| CMSC | -0.55% | 23.53 | $ | |
| BCC | 4.91% | 89.32 | $ | |
| RBGPF | 0.12% | 82.5 | $ | |
| RIO | -0.58% | 95.81 | $ | |
| GSK | 6.24% | 56.89 | $ | |
| BCE | 1.17% | 26.41 | $ | |
| NGG | 1.7% | 87.725 | $ | |
| JRI | 0.21% | 13.148 | $ | |
| CMSD | -0.46% | 23.83 | $ | |
| BTI | -0.14% | 61.785 | $ | |
| RELX | -1.36% | 30.1 | $ | |
| VOD | 2.37% | 15.62 | $ | |
| AZN | 1.43% | 186.995 | $ | |
| BP | 0.82% | 39.14 | $ |
Lula orders road map to cut fossil-fuel use in Brazil
Brazilian President Luiz Inacio Lula da Silva ordered his cabinet on Monday to craft a road map to reduce dependence on fossil fuels, a promise the country made as host of United Nations climate talks last month.
Lula tried to broker a global deal on a road map to phase out oil, gas and coal at the COP30 talks, but was stymied by opposition from producers such as Saudi Arabia, Iran and Russia.
Brazil, itself a major oil producer, nevertheless committed to presenting a plan to end its use of fossil fuels, and called on other countries to do the same.
In a decree, Lula gave his finance, environment and mining ministries 60 days to draw up guidelines on a "gradual reduction in dependence on fossil fuels in the country."
The idea is to use Brazil's oil revenues to pay for a fund that will finance the transition to clean energies.
Lula, who ran for office as a champion of the environment, has faced criticism for backing state-run oil company Petrobras's exploratory drilling at the mouth of the Amazon River.
But his government won praise for the proposal on a global deal with deadlines to stop burning the fossil fuels heating the planet.
The plan won the backing of a coalition of countries including France, the Marshall Islands and Spain, several of which are due to hold a conference in Colombia in April 2026 on ending fossil-fuel use.
(R.White--TAG)