Energy Roundup: Brazil Restricts Oil, API Astroturfing, Ford’s Smart Vehicles and More
Petrobras takes more control of Brazilian oilfields — The Brazilian state oil company will benefit from a new policy by the country’s leaders that will limit foreign involvement in the 62 percent of offshore oil fields that have yet to be bid out to investments. Petrobras will benefit financially, but development may be slowed because of the mandate. [Source: New York Times] American Petroleum Institute invests in astroturf — The major oil lobbying organization is asking member companies to recruit employees, retirees, contractors and other connections for staged rallies against the Waxman-Markey climate bill, a form of faked grassroots organization snidely called “astroturfing”. BP and Shell have declined to participate, noting that their views on the bill differ. [Source: Washington…
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