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Analysis: Brazil's once-envied energy matrix a victim of "hubris"

2013-01-07 19:32:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Just five years ago, Brazil's mostly "green" energy landscape was the envy of nations dependent on dirtier sources of power and the pride of a government that believed it was leading the country to economic superpower status. Three-quarters of electricity came from renewable hydro power and the main automobile fuel was home-grown sugarcane ethanol. Plus, Brazil had just found massive oil fields off its coast, putting it on a path to become the world's No. 3 oil producer after Russia and Saudi...

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