CBio offer to exceed 18 million by 2020

The offer of decarbonisation credits (CBios) for fuel distributors in 2020 is expected to surpass the 18 million bond mark, exceeding the mandatory marketing target set by the RenovaBio programme. Unica said that data from B3 indicated that 8.6 million CBios had been bought by distributors so far, and that there were another 6.3 million bonds available on the market.

Source: Money Times

São Paulo State GDP grew 9.4% in third quarter

The GDP of the state of São Paulo grew 9.4% in the third quarter, compared to the second, when it fell 6.8%, as a result of seasonal adjustment, reported Fundação Seade. Over the same period last year, there was growth of 1.6%. In 12 months, there was a drop of 0.7 percent. Seade estimates that São Paulo’s GDP should close the year with a contraction of only 0.6%.

Source: Valor Investe

Petrobras strengthens environmental agenda and projects $1 bn investments

Petrobras is gradually broadening its environmental discourse, amid increasingly frequent movements of oil companies betting on renewable energies. For the period 2021 to 2025, the company projects investments of around $1 bn in environmental commitments. In the short and medium term, however, the state-owned company should continue to focus almost 100% on fossil fuels.

Source: Exame