<div>Brazil's oil sale plans prompt fears of global fossil fuel extraction race</div>

Government proposal to give tax relief for offshore oil would increase emissions and contradicts the nation’s progressive stance in Bonn Brazil is planning a fire-sale of its oil resources before shrinking global carbon budgets push down demand and prices, environmental groups have warned.The focus of concern is a government proposal for up to $300bn in tax relief to companies that develop offshore oilfields that opponents claim would use up 7% of humanity’s emission budget if global warming is to be kept below 2C. Continue reading...