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...It has so far distributed about R$35.5bn ($7bn). The UK legal case, the country’s largest-ever class action, is due to start in October....
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...Many of the plans involve some element of electric vehicles or hybrids, in line with President Luiz Inácio Lula da Silva’s aspirations for a ‘green’ revival of Brazilian industry....
...It is planning a R$21bn (US$4.3bn) green H2 investment at the Suape port in Pernambuco state. “We will be competing with other countries that offer highly competitive scenarios.”...
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...Toyota has pledged to invest R$11bn ($2.2bn) in Brazil by the end of the decade, boosting president Luiz Inácio Lula da Silva’s goal to revive manufacturing in the South American nation....
...Well, Michael Crick, thank you so much for joining us this week. Stephen Bush, Miranda Green, thanks for joining. [MUSIC PLAYING] Michael CrickThank you. Stephen BushThank you....
...“We employ a consultancy to do our R&D claims for us because we haven’t got the time to fight the claims,” he said....
...Revenues meanwhile increased from R$140mn in 2022 to R$402mn last year. Textor says the target is to break even next year....
...michael.pooler@ft.com...
...Michael Cross Co-Author, ‘The Green Edge’, Portsmouth, Hampshire, UK...
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...After the Mariana disaster they had originally filed a lawsuit demanding R$155bn in compensation....
...A Brazilian court has ordered iron ore producer Samarco along with its owners Vale and BHP to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country’s worst environmental...
...A Brazilian court has ordered iron ore producer Samarco, along with its owners Vale and BHP, to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country’s worst environmental...
...Michael Lohan, chief executive of IDA Ireland, the foreign direct investment promotion agency, told the Financial Times that new rules proposed by Brussels last year risk further widening the gap between...
...to unlocking prosperity / From Michael Cross, Portsmouth, Hampshire, UK Net zero’s leading edge isn’t a comfortable place to be / From Sir John Rose, London SW11, UK...
...Brazil has made its debut in the sustainable sovereign debt market, with a $2bn bond issuance that will help fund the green agenda of President Luiz Inácio Lula da Silva.The finance ministry in Brasília...
...The Polo Lounge in the Beverly Hills Hotel has been a Tinseltown fixture since its doors opened in 1941, so is an appropriate place for lunch with Michael Douglas....
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment. Read more here....
...Additional help by Denise Guerra, Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez....
...But those investments in green technologies like biofuels and hydrogen are still very, very early-stage....
...As examples of the types of project the IDB now aims to back, he cited a $400mn investment in green hydrogen in Chile and a waste management project in the Dominican Republic....
...The company, which at the start of the year uncovered accounting irregularities now estimated at R$25bn ($5.1bn), said the binding agreement covered 35 per cent of its debt....
...Most of the country’s outstanding public borrowing of R$6.1tn is funded by domestic savers in reais....
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