En Español

Very usefull links


News links




Dow Jones

Oil price



Views and News





Petrobras applies in U.S. to swap environmental fines for services




By Reuters Staff

Petroleumworld 10 23 2017

Brazil's Petróleo Brasileiro SA has applied to federal environmental agency Ibama to provide environmental protection services in exchange for wiping out all its fines for environmental offenses, the state-controlled oil company said late on Saturday.

The move from Petrobras, as the company is known, comes after Brazilian President Michel Temer signed a decree allowing the conversion of such fines to environmental services, with discounts of up to 60 percent of the initially stated penalties.

Petrobras did not say how much it owes in environmental fines, which generally are for oil spills off the Brazilian coast.

The company said it did not yet know how much it would need to spend on the environmental services if its application is accepted.

Some environmental organizations in Brazil criticized Temer's decree, saying it would increase impunity for crimes in the sector.

Brazilian Environment Minister José Sarney Filho defended the decree, saying most fines are never paid because companies usually appeal them in court. He said the decree would lead to increased investment in environmental projects.

Reporting by Marcelo Teixeira; Editing by Lisa Von Ahn from Reuters.

reuters.com 10 21 2017

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Nov 13-14 ;
Mexico City, Mexico






Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.