Environmental - New Biofuel Policy (RENOVABIO): Individual goals to reduce GHG and Penalties

On June 14, 2019, the Ministry of Mines and Energy and the Oil & Gas Agency published Resolution No. 791/2019 ("Resolution"),
Brazil Environment

On June 14, 2019, the Ministry of Mines and Energy and the Oil & Gas Agency published Resolution No. 791/2019 (“Resolution”), foreseeing the methodology to individualize the goals to reduce emissions of greenhouse gases (“GHGs”) applicable to fuel distributors, as provided by the National Biofuels Policy (“RenovaBio”).

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