Opinion

Fossil fuel subsidies are a risky gambit

Subsidising fossil fuel costs has a long history in Latin America but comes with extra tensions in 2022 due to climate concerns

Fuel-price intervention: Brazil’s state-run oil company Petrobras has been cutting fuel prices after market-led pricing caused discomfort for the country’s President Jair Bolsonaro
Fuel-price intervention: Brazil’s state-run oil company Petrobras has been cutting fuel prices after market-led pricing caused discomfort for the country’s President Jair BolsonaroPhoto: AFP/SCANPIX
  • Editorial
Published 10 August 2022, 10:18Updated 10 August 2022, 14:11
Jair BolsonaroGustavo PetroBrazilColombiaAmericas