RIO DE JANEIRO |
RIO DE JANEIRO (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 Arabia by 2020.Today, the outlook is much darker. Oil output is falling, ethanol production has plunged, and fears have recently returned of electricity rationing that could further depress a stagnant economy and embarrass President Dilma Rousseff.
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