Oil Spill in Brazil Hits Breeding Grounds for Humpback Whales
(Bloomberg) -- The mysterious oil spill that hit Brazil's coastline two months ago has reached the archipelago of Abrolhos, a national marine park that's home to the greatest biodiversity in the southern Atlantic Ocean -- the waters where humpback whales migrate to breed.
Defense Minister Fernando Azevedo e Silva flew over the five islands that comprise Abrolhos park located off the southern coast of Bahia in the northeast of Brazil on Sunday to monitor the impact. Small fragments of oil were spotted in some locations, Brazil's Navy said on Saturday. The oil also threatens Abrolhos' highly sensitive coral reefs.
The spill and its impact have put Brazil back in the spotlight for environmental disasters, just as the country is preparing for the world's priciest oil auction on Wednesday. In August, fires in the Amazon rainforest sparked an international backlash against President Jair Bolsonaro, a social conservative who supports developing natural resources in the region. That came after more than 240 died after a dam owned by iron ore producer Vale SA collapsed in January.
Oil began washing up along Brazil's beaches on Aug. 30, tainting popular tourist spots, killing sea turtles and scaring off fishermen. The spill has affected one third of Brazil's coastline, or about 1,400 miles (2250 kilometers), with authorities collecting 4,000 tons of oil from the beaches.
The initial location of the spill hasn't been identified, though Brazil's Federal Police said the crude came from a Greek-flagged ship with an 80,000-ton capacity. The Greek company has denied the leaks, while state-owned Petrobras said its lab analysis showed the crude originated from three Venezuelan fields.
Authorities have struggled to clean up the spill with floating equipment as the oil is so heavy that it's been moving underwater. Oil stains have been spotted by divers on the seabed.
To contact the reporter on this story: Sabrina Valle in Rio de Janeiro at svalle@bloomberg.net
To contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Linus Chua, Ros Krasny
©2019 Bloomberg L.P.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?