Petrobras president: Brazil aligned with Paris Agreement, oil to fund transition

Petrobras president Magda Chambriard stated Brazil is 'in line' with the Paris Agreement, advocating that oil and gas revenues finance a 'fair' low-carbon transition. This signals continuity of state-backed hydrocarbon expansion under climate commitments, but lacks specific policy detail. The statement may influence investor expectations on Petrobras' energy transition strategy.