IBOV 176,201 ▲ 2.00% IPSA 10,989 ▼ 0.33% IPC MEX 66,631 ▲ 0.79% MERVAL 3,224,416 ▲ 0.68% COLCAP 2,290.94 ▼ 0.08% BVL PERÚ 56,194.27 ▲ 1.13% USD/BRL5.10▼ 0.24% USD/MXN17.49▼ 0.32% USD/CLP924.45▼ 0.35% USD/COP3,235▼ 3.23% USD/PEN3.39▼ 0.32% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.81% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 0.99% BRENT 75.87 ▼ 0.56% WTI 71.41 ▼ 0.93% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.80% GOLD 4,109 ▼ 0.52% SILVER 60.08 ▼ 0.50% SOY 1,187 ▲ 0.64% CORN 455.50 ▲ 6.49% WHEAT 645.50 ▲ 5.60% COFFEE 330.85 ▼ 7.31% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 146.20 ▼ 2.47% COTTON 80.08 ▲ 5.15% COCOA 6,124 ▼ 2.93% BEEF 229.23 ▼ 2.56% CATTLE 352.13 ▼ 1.13% LITHIUM 72.23 ▼ 0.81% PETR4 39.52 ▲ 0.79% VALE3 73.92 ▲ 1.05% ITUB4 43.71 ▲ 2.63% BBDC4 18.51 ▲ 2.83% ABEV3 15.86 ▲ 0.89% BBAS3 20.36 ▲ 1.80% B3SA3 15.36 ▲ 3.85% WEGE3 46.39 ▲ 1.42% PRIO3 55.52 ▼ 0.16% SUZB3 41.56 ▲ 1.29% RENT3 40.42 ▲ 2.59% AZZA3 18.91 ▲ 2.44% CSAN3 4.00 ▲ 3.63% RAIZ4 0.36 ▼ 2.70% PCAR3 2.79 ▲ 1.09% GMAT3 4.00 ▲ 1.78% PSSA3 54.13 ▲ 1.46% CVCB3 1.27 ▲ 1.60% POSI3 3.96 ▲ 2.86% SLCE3 13.93 ▲ 1.02% NATU3 8.57 ▲ 1.30% BRKM5 6.44 ▲ 1.26% RANI3 7.97 ▲ 1.40% CSNA3 5.06 ▲ 5.42% CMIN3 5.07 ▲ 4.97% USIM5 8.43 ▲ 0.96% GGBR4 23.00 ▲ 2.31% ENEV3 26.83 ▲ 2.40% CPFE3 47.16 ▲ 1.88% CMIG4 11.27 ▲ 1.71% EQTL3 40.50 ▲ 2.51% LREN3 14.68 ▲ 3.75% VIVT3 35.43 ▲ 2.70% RAIL3 13.91 ▲ 1.16% KLABIN 17.49 ▲ 0.52% RAIA DROGASIL 18.60 ▲ 2.59% RDOR3 36.05 ▲ 2.56% HAPV3 10.52 ▲ 4.47% FLRY3 16.26 ▲ 3.24% SMTO3 16.00 ▼ 0.31% UGPA3 30.56 ▲ 1.53% VBBR3 32.73 ▲ 1.96% BBSE3 39.84 ▲ 1.43% BPAC11 56.92 ▲ 2.23% CURY3 33.73 ▲ 3.15% AERI3 2.08 ▲ 0.97% VIVARA 23.01 ▲ 1.90% COMPASS 25.01 ▲ 1.34% VAMOS 3.01 ▲ 1.69% SANB11 27.12 ▲ 3.31% ASAI3 8.78 ▲ 3.78% SBSP3 30.88 ▲ 2.93% WALMEX 49.25 ▲ 0.47% GMEXICO 196.92 ▲ 0.81% FEMSA 224.04 ▲ 0.75% CEMEX 22.14 ▲ 1.98% GFNORTE 187.98 ▲ 1.42% BIMBO 56.15 ▲ 0.39% TELEVISA 9.62 ▲ 1.37% AMX 23.01 ▲ 1.63% GAP 412.17 ▼ 0.37% ASUR 283.16 ▼ 0.16% OMA 236.78 ▼ 0.51% KOF 182.86 ▲ 1.08% GRUMA 285.55 ▲ 1.15% KIMBER 38.27 ▼ 0.44% SQM-B 67,699 ▼ 2.03% COPEC 6,050 ▲ 0.50% BSANTANDER 78.60 ▲ 1.42% FALABELLA 5,881 ▲ 0.52% ENELAM 84.70 ▲ 0.64% CENCOSUD 2,064 ▲ 0.34% CMPC 1,122 ▲ 2.51% BANCO CHILE 189.50 ▲ 1.34% LATAM AIR 26.17 ▼ 0.87% YPF 74,275 ▼ 1.98% GGAL 8,100 ▲ 2.79% PAMPA 5,165 ▼ 0.77% TXAR 662.00 ▼ 0.38% ALUAR 973.50 ▲ 0.52% TGS 9,480 ▲ 1.83% CEPU 2,302 ▼ 0.56% MIRGOR 17,050 ▼ 0.87% COME 45.30 ▼ 0.26% LOMA NEGRA 3,498 — 0.00% BYMA 310.00 ▲ 0.08% TELECOM ARG 4,130 ▲ 0.24% ECOPETROL 15.47 ▲ 0.52% BANCOLOMBIA 82.90 ▲ 2.43% GRUPO AVAL 5.07 ▲ 1.00% CREDICORP 399.58 ▲ 1.95% SOUTHERN COPPER 174.94 ▲ 0.29% BUENAVENTURA 29.97 ▲ 1.42% MERCADOLIBRE 1,859 ▲ 2.81% NUBANK 13.91 ▲ 1.79% XP 16.94 ▲ 3.20% PAGSEGURO 9.29 ▲ 3.22% STONE 11.18 ▲ 2.01% GLOBANT 30.39 ▼ 2.88% TECNOGLASS 44.12 ▲ 2.27% GAP AIRPORT 235.59 ▲ 0.48% ASUR 283.16 ▼ 0.16% OMA AIRPORT 108.09 ▼ 0.23% AMX ADR 26.22 ▲ 1.47% FEMSA ADR 127.91 ▲ 0.72% CEMEX ADR 12.62 ▲ 1.98% PETROBRAS ADR 17.16 ▲ 0.76% VALE ADR 14.43 ▲ 1.44% ITAU ADR 8.55 ▲ 3.20% SANTANDER BR 5.37 ▲ 4.38% AMBEV ADR 3.08 ▲ 1.32% CSN 1.00 ▲ 4.53% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.76 ▼ 0.49% BTC 64,087 ▲ 1.41% ETH 1,792 ▲ 2.74% SOL 78.25 ▲ 0.26% XRP 1.10 ▲ 0.86% BNB 573.71 ▲ 0.92% ADA 0.17 ▼ 0.31% DOGE 0.07 ▲ 1.48% AVAX 6.73 ▲ 0.70% LINK 7.92 ▲ 2.49% DOT 0.87 ▲ 5.81% LTC 44.60 ▲ 1.91% BCH 250.12 ▲ 5.19% TRX 0.33 ▼ 0.36% XLM 0.19 ▲ 1.33% HBAR 0.07 ▲ 0.34% NEAR 1.89 ▼ 1.38% ATOM 1.58 ▲ 1.69% AAVE 95.65 ▲ 4.82% SELIC 14.25% EMBRAER 84.85 ▲ 1.18% EMBRAER ADR 66.40 ▲ 1.31% JBS 11.88 ▲ 1.24% JBS BDR 60.53 ▲ 0.80% MBRF3 15.79 ▲ 2.47% MBRFY 3.03 ▲ 1.00% INTER 5.84 ▲ 2.19% EGX 52,312 ▲ 0.54% USD/ZAR16.30▼ 0.17% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.50▼ 0.54% USD/CNY6.76▼ 0.42% DAX 25,036 ▼ 0.33% CAC 8,313 ▼ 0.17% FTSE 10,490 ▲ 0.16% MIB 52,553 ▲ 0.33% IBEX 19,380 ▲ 0.30% STOXX 640.39 ▼ 0.07% EUR/USD1.14▲ 0.05% GBP/USD1.34▲ 0.18% SPX 7,560 ▲ 0.21% DJI 52,631 ▲ 0.27% NDX 29,769 ▲ 0.14% RUT 2,970 ▼ 0.77% TSX 35,235 ▲ 0.10% VIX 15.57 ▼ 1.70% USD/CAD1.41▼ 0.19% US10Y 4.5550 ▲ 0.35% IBOV 176,201 ▲ 2.00% IPSA 10,989 ▼ 0.33% IPC MEX 66,631 ▲ 0.79% MERVAL 3,224,416 ▲ 0.68% COLCAP 2,290.94 ▼ 0.08% BVL PERÚ 56,194.27 ▲ 1.13% USD/BRL 5.10 ▼ 0.25% USD/MXN 17.48 ▼ 0.37% USD/CLP 924.45 ▼ 0.35% USD/COP 3,239 ▼ 3.13% USD/PEN 3.39 ▼ 0.32% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.81% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.03% BRENT 75.87 ▼ 0.56% WTI 71.41 ▼ 0.93% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.80% GOLD 4,109 ▼ 0.52% SILVER 60.08 ▼ 0.50% SOY 1,187 ▲ 0.64% CORN 455.50 ▲ 6.49% WHEAT 645.50 ▲ 5.60% COFFEE 330.85 ▼ 7.31% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 146.20 ▼ 2.47% COTTON 80.08 ▲ 5.15% COCOA 6,124 ▼ 2.93% BEEF 229.23 ▼ 2.56% CATTLE 352.13 ▼ 1.13% LITHIUM 72.23 ▼ 0.81% PETR4 39.52 ▲ 0.79% VALE3 73.92 ▲ 1.05% ITUB4 43.71 ▲ 2.63% BBDC4 18.51 ▲ 2.83% ABEV3 15.86 ▲ 0.89% BBAS3 20.36 ▲ 1.80% B3SA3 15.36 ▲ 3.85% WEGE3 46.39 ▲ 1.42% PRIO3 55.52 ▼ 0.16% SUZB3 41.56 ▲ 1.29% RENT3 40.42 ▲ 2.59% AZZA3 18.91 ▲ 2.44% CSAN3 4.00 ▲ 3.63% RAIZ4 0.36 ▼ 2.70% PCAR3 2.79 ▲ 1.09% GMAT3 4.00 ▲ 1.78% PSSA3 54.13 ▲ 1.46% CVCB3 1.27 ▲ 1.60% POSI3 3.96 ▲ 2.86% SLCE3 13.93 ▲ 1.02% NATU3 8.57 ▲ 1.30% BRKM5 6.44 ▲ 1.26% RANI3 7.97 ▲ 1.40% CSNA3 5.06 ▲ 5.42% CMIN3 5.07 ▲ 4.97% USIM5 8.43 ▲ 0.96% GGBR4 23.00 ▲ 2.31% ENEV3 26.83 ▲ 2.40% CPFE3 47.16 ▲ 1.88% CMIG4 11.27 ▲ 1.71% EQTL3 40.50 ▲ 2.51% LREN3 14.68 ▲ 3.75% VIVT3 35.43 ▲ 2.70% RAIL3 13.91 ▲ 1.16% KLABIN 17.49 ▲ 0.52% RAIA DROGASIL 18.60 ▲ 2.59% RDOR3 36.05 ▲ 2.56% HAPV3 10.52 ▲ 4.47% FLRY3 16.26 ▲ 3.24% SMTO3 16.00 ▼ 0.31% UGPA3 30.56 ▲ 1.53% VBBR3 32.73 ▲ 1.96% BBSE3 39.84 ▲ 1.43% BPAC11 56.92 ▲ 2.23% CURY3 33.73 ▲ 3.15% AERI3 2.08 ▲ 0.97% VIVARA 23.01 ▲ 1.90% COMPASS 25.01 ▲ 1.34% VAMOS 3.01 ▲ 1.69% SANB11 27.12 ▲ 3.31% ASAI3 8.78 ▲ 3.78% SBSP3 30.88 ▲ 2.93% WALMEX 49.25 ▲ 0.47% GMEXICO 196.92 ▲ 0.81% FEMSA 224.04 ▲ 0.75% CEMEX 22.14 ▲ 1.98% GFNORTE 187.98 ▲ 1.42% BIMBO 56.15 ▲ 0.39% TELEVISA 9.62 ▲ 1.37% AMX 23.01 ▲ 1.63% GAP 412.17 ▼ 0.37% ASUR 283.16 ▼ 0.16% OMA 236.78 ▼ 0.51% KOF 182.86 ▲ 1.08% GRUMA 285.55 ▲ 1.15% KIMBER 38.27 ▼ 0.44% SQM-B 67,699 ▼ 2.03% COPEC 6,050 ▲ 0.50% BSANTANDER 78.60 ▲ 1.42% FALABELLA 5,881 ▲ 0.52% ENELAM 84.70 ▲ 0.64% CENCOSUD 2,064 ▲ 0.34% CMPC 1,122 ▲ 2.51% BANCO CHILE 189.50 ▲ 1.34% LATAM AIR 26.17 ▼ 0.87% YPF 74,275 ▼ 1.98% GGAL 8,100 ▲ 2.79% PAMPA 5,165 ▼ 0.77% TXAR 662.00 ▼ 0.38% ALUAR 973.50 ▲ 0.52% TGS 9,480 ▲ 1.83% CEPU 2,302 ▼ 0.56% MIRGOR 17,050 ▼ 0.87% COME 45.30 ▼ 0.26% LOMA NEGRA 3,498 — 0.00% BYMA 310.00 ▲ 0.08% TELECOM ARG 4,130 ▲ 0.24% ECOPETROL 15.47 ▲ 0.52% BANCOLOMBIA 82.90 ▲ 2.43% GRUPO AVAL 5.07 ▲ 1.00% CREDICORP 399.58 ▲ 1.95% SOUTHERN COPPER 174.94 ▲ 0.29% BUENAVENTURA 29.97 ▲ 1.42% MERCADOLIBRE 1,859 ▲ 2.81% NUBANK 13.91 ▲ 1.79% XP 16.94 ▲ 3.20% PAGSEGURO 9.29 ▲ 3.22% STONE 11.18 ▲ 2.01% GLOBANT 30.39 ▼ 2.88% TECNOGLASS 44.12 ▲ 2.27% GAP AIRPORT 235.59 ▲ 0.48% ASUR 283.16 ▼ 0.16% OMA AIRPORT 108.09 ▼ 0.23% AMX ADR 26.22 ▲ 1.47% FEMSA ADR 127.91 ▲ 0.72% CEMEX ADR 12.62 ▲ 1.98% PETROBRAS ADR 17.16 ▲ 0.76% VALE ADR 14.43 ▲ 1.44% ITAU ADR 8.55 ▲ 3.20% SANTANDER BR 5.37 ▲ 4.38% AMBEV ADR 3.08 ▲ 1.32% CSN 1.00 ▲ 4.53% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.76 ▼ 0.49% BTC 64,087 ▲ 1.41% ETH 1,792 ▲ 2.74% SOL 78.25 ▲ 0.26% XRP 1.10 ▲ 0.86% BNB 573.71 ▲ 0.92% ADA 0.17 ▼ 0.31% DOGE 0.07 ▲ 1.48% AVAX 6.73 ▲ 0.70% LINK 7.92 ▲ 2.49% DOT 0.87 ▲ 5.81% LTC 44.60 ▲ 1.91% BCH 250.12 ▲ 5.19% TRX 0.33 ▼ 0.36% XLM 0.19 ▲ 1.33% HBAR 0.07 ▲ 0.34% NEAR 1.89 ▼ 1.38% ATOM 1.58 ▲ 1.69% AAVE 95.65 ▲ 4.82% SELIC 14.25% EMBRAER 84.85 ▲ 1.18% EMBRAER ADR 66.40 ▲ 1.31% JBS 11.88 ▲ 1.24% JBS BDR 60.53 ▲ 0.80% MBRF3 15.79 ▲ 2.47% MBRFY 3.03 ▲ 1.00% INTER 5.84 ▲ 2.19% EGX 52,312 ▲ 0.54% USD/ZAR 16.30 ▼ 0.06% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.51 ▼ 0.52% USD/CNY 6.7645 ▼ 0.40% DAX 25,036 ▼ 0.33% CAC 8,313 ▼ 0.17% FTSE 10,490 ▲ 0.16% MIB 52,553 ▲ 0.33% IBEX 19,380 ▲ 0.30% STOXX 640.39 ▼ 0.07% EUR/USD 1.1435 ▲ 0.01% GBP/USD 1.3418 ▲ 0.10% SPX 7,560 ▲ 0.21% DJI 52,631 ▲ 0.27% NDX 29,769 ▲ 0.14% RUT 2,970 ▼ 0.77% TSX 35,235 ▲ 0.10% VIX 15.57 ▼ 1.70% USD/CAD 1.4139 ▼ 0.19% US10Y 4.5550 ▲ 0.35%
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Brazil Politics - Brazil

The first project announced by Lula is a gas pipeline in Argentina for shale gas, banned in Brazil and Europe

By · January 25, 2023 · 2 min read

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Contrary to promises to preserve the environment, the first project announced by Lula will be a highly polluting gas pipeline in Argentina, financed with Brazilian money through the National Bank for Economic and Social Development (BNDES).

According to Argentina’s Energy Secretary, Flavia Royón, the project is expected to cost about R$4 billion (US$770 million).

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The pipeline will connect the Vaca Muerta region in western Argentina to the province of Santa Fe.

The first project announced by Lula is a gas pipeline in Argentina for shale gas, banned in Brazil and Europe. (Photo internet reproduction)
The first project announced by Lula is a gas pipeline in Argentina for shale gas, banned in Brazil and Europe. (Photo internet reproduction)
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Known as the “treasure of Vaca Muerta”, the geological formation rich in shale gas is considered the world’s second-largest unconventional gas reserve.

Shale is a veneer-looking rock that can harbor gas and oil between the cracks.

The problem is that exploiting this type of material uses a process that is considered to be highly damaging to the environment.

Drilling vertically into the ground to a certain depth is necessary to get at the gas or oil.

The drill then goes horizontally to fracture the ground while injecting water and chemicals to release gas and oil trapped between the rocks.

Because it is so harmful, shale gas exploration has been banned in Brazil and has already been the subject of court decisions in Bahia and Paraná.

In 2019, the Paraná government even created a law prohibiting the use of the technique in the state.

In 2013, during the Dilma government, the topic was the subject of intense debate in the Environment Commission of the House of Representatives.

At the time, the Green Party warned about the risks of environmental contamination and harm to human health.

The then Minister of the Environment, Marcelo Moreira, was also concerned about the newly developed technology.

Shale gas produces natural gas that serves as fuel for industries and vehicles.

Banned in European countries, the United States considers shale gas exploration strategic.

With information from BSM

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