This article, published originally by InfoAmazonia, is part of the project Every Last Drop, produced with the support of the Global Commons Alliance, sponsored by Rockefeller Philanthropy Advisors.
The Amazon now holds nearly one-fifth of the world’s recently discovered oil and natural gas reserves, establishing itself as a new global frontier for the fossil fuel industry.
Almost 20 percent of global reserves identified between 2022 and 2024 are located in the region, primarily offshore along South America’s northern coast between Guyana and Suriname. This wealth has sparked increasing international interest from oil companies and neighbouring countries like Brazil, which is looking to exploit its own coastal resources.
In total, the Amazon region accounts for 5.3 billion barrels of oil equivalent (boe) of around 25 billion discovered worldwide during this period, according to Global Energy Monitor data, which tracks energy infrastructure development globally.
“The Amazon and adjacent offshore blocks account for a large share of the world’s recent oil and gas discoveries,” said Gregor Clark, lead of the Energy Portal for Latin America, an initiative of Global Energy Monitor. For him, however, this expansion is “inconsistent with international emissions targets and portends significant environmental and social consequences, both globally and locally.”
The region encompasses 794 oil and gas blocks – which are officially designated areas for exploration, though the existence of resources is not guaranteed. Nearly 70 percent of these Amazon blocks are either still under study or available for market bidding, meaning they remain unproductive.
In contrast, 60 percent of around 2,250 South American blocks outside the rainforest basin have already been awarded – authorized for reserve exploration and production – making the Amazon a promising avenue for further industry expansion, according to data from countries compiled by the Arayara International Institute up to July 2024. Of the entire Amazon territory, only French Guiana is devoid of oil blocks, as contracts have been banned by law there since 2017.
This new wave of oil exploration threatens a biome critical to the planet’s climate balance and the people who live there, coinciding with a global debate on reducing fossil fuel dependency.
“It’s no use talking about sustainable development if we keep exploiting oil,” said Guyanese Indigenous leader Mario Hastings. “We need real change that includes Indigenous communities and respects our rights.”
Across the eight Amazon countries analysed, 81 of all the awarded oil and gas blocks overlap with 441 ancestral lands, and 38 blocks were awarded within the limits of 61 protected natural areas. Hundreds of additional blocks are still under study or open for bids, the Arayara data shows.
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Abundant in natural resources, the Amazon seldom benefits from their production. Instead, half of South America’s oil is exported to foreign markets, primarily to the United States and China, according to data from the Organization of Petroleum Exporting Countries (OPEC). Royalties from the industry have exacerbated inequality rather than fostering local development, saddling the region with deforestation and water pollution from oil operations.
Meanwhile, Brazil will host more than 190 countries in the Amazon city of Belém later this year for the COP30 UN climate summit, which top diplomat André Aranha Corrêa do Lago has said will be “the first to undeniably take place at the epicentre of the climate crisis”, in an ecosystem on the verge of crossing an “irreversible tipping point”.
A new oil rush on the Amazon coast
Guyana, a small and hitherto inconspicuous nation in South America, has become the hotspot for global oil discoveries, earning the moniker “the new Dubai”, a designation often used by foreign executives at newly established companies in the country.
The oil boom has propelled Guyana’s economy forward, yet it also presents challenges such as rising inflation and worsening social inequality. Moreover, the burgeoning oil industry poses a threat to the country’s remarkable natural landscape, with 90 percent of Guyana still covered by the Amazon rainforest.
“The world is moving towards a future without fossil fuels, but Guyana is opening itself up to oil and gas,” said Guyanese environmentalist Sherlina Nagger. “Our leaders are on the wrong side of history.”
Recent substantial discoveries in neighboring Suriname, along with those in Guyana, have reignited interest in the “equatorial margin“. This coastal strip extends for thousands of kilometres near the equator and largely encompasses the Amazon biome.
Over 92 percent of the offshore blocks in the Amazon are either under study or available for market bidding, according to the project analysis.
Meanwhile, in the region, Venezuela has rekindled its interest in annexing Essequibo, a contested Guyanese territory. This area, once disputed by the Spanish and British empires in the 19th century, has again become a focus of attention due to its oil potential.
Meanwhile, Brazil, which is home to the largest portion of this strategic zone, faces obstacles to its oil exploration efforts. These include a history of unsuccessful drilling attempts dating back to the 1970s and, more recently, repeated refusals to allow state-owned oil company Petrobras to conduct research in Block 59. This area is situated in the Foz do Amazonas, where the mouth of Amazon River meets the Atlantic Ocean.
In May 2023, Ibama, Brazil’s environmental agency, denied Petrobras’ application to research the block. The agency’s report, endorsed by 26 analysts and reaffirmed in November 2024, highlighted flaws in the company’s emergency plans, which could endanger sensitive Amazonian ecosystems. This area has the largest continuous mangrove expanse in the world and a recently documented extensive reef system, both of which have significant scientific and ecological potential.
Such efforts to find fossil fuels in the region pose significant threats to the climate, researchers caution. “Opening up new areas for oil exploration in the Amazon contradicts the Paris Agreement’s recommendations to limit global warming,” warned Philip Fearnside, a scientist at the National Institute for Amazon Research. “Moreover, the risk of oil spills in this region would be catastrophic.”
Despite the risks, Petrobras remains undeterred in its pursuit of exploring the equatorial margin – and key figures in the Brazilian government have voiced their support for extraction. Finance minister Fernando Haddad preached “all caution” to ensure safe exploration, while Alexandre Silveira, minister of mines and energy, remarked that Guyana is “sucking the oil” from the region due to Brazil’s inaction.
“We’re going to explore the equatorial margin; there’s no reason not to,” President Luiz Inácio Lula da Silva stated in a June 2024 interview.
Under political pressure, Marina Silva, Brazil’s minister for the environment and climate change, has reiterated that the decision made by Ibama, an agency under her ministry, is “technical”. She stressed the importance of adhering to the agency’s procedures to prevent “irreparable” environmental harm to the region.
Ecuador and Peru: a legacy of exploitation – and damage
Whereas oil exploration on the equatorial margin is just beginning, countries such as Ecuador, Peru, and Colombia have been producing oil in the Amazon for decades. While this activity has helped boost their economies, it has also deepened the damage to the biome.
In Ecuador, oil accounts for more than seven percent of the country’s GDP, but its production has resulted in an average of two oil spills a week in recent years. Since the 1970s, when the American company Texaco (now Chevron) opened the first major exploration frontier in the Ecuadorian Amazon, accidents have plagued the region.
Today, state-owned Petroecuador plays a leading role in the development of oil fields in the Ecuadorian Amazon. According to the project analysis, the state-owned enterprise oversees 24 oil and gas blocks. This is the largest number within Ecuador and ranks second among Amazon nations, after Brazilian natural gas company Eneva.
Among Petroecuador’s operations is the contentious Block 43 in Yasuní National Park, a sanctuary for one of the world’s most biodiverse regions and home to Indigenous peoples living in isolation. In August 2023, a historic referendum mandated the cessation of oil drilling in the park. The government was allowed one year to halt the activities; however, progress has been minimal, with efforts largely confined to forming a commission to oversee the measures sanctioned by the public vote.
“They are violating the most fundamental aspect of any democratic system: the will of the people expressed at the ballot box,” said Alex Rivas Toledo, an anthropologist and author of a book on the isolated peoples of the Yasuní.
To date, 21 blocks have been authorised within protected natural areas in the Ecuadorian Amazon, covering more than 7,000 square kilometres – the largest overlap among the countries analysed.
Of Ecuador’s 15 Indigenous nationalities, 11 reside in the Amazon region, where their way of life is often at odds with oil exploration efforts. The country has granted oil blocks that impact 207 Indigenous territories – the most among the countries analysed – covering nearly 21,000 square kilometres in the Amazon.
In Peru, which ranks second with nearly 14,000 square kilometres of oil blocks overlapping with 143 Indigenous lands, oil royalties have failed to improve the lives of local peoples, who grapple with poverty and limited access to essential services like healthcare.
Gas flaring affects Amazonians
In the Amazon, beyond the extraction of oil, gas flaring poses a significant concern. Seen from miles away, these intense flames blaze atop metal towers, discharging excess gas from oil exploration directly into the atmosphere. This process emits both carbon dioxide and methane, the latter causing 80 times more climate warming over short 20-year timescales.
Despite the harm this practice inflicts on the climate and human health, it is still permitted in some countries and is especially prevalent in remote areas like the Amazon, where inadequate infrastructure hampers the capture and processing of gas.
In 2023, Ecuador burned off 1.6 billion cubic metres of gas in oil operations in the Amazon, an amount more than triple the country’s total annual gas consumption, according to data analysis based on SkyTruth Flaring, a platform that employs satellite imagery to identify flaring.
Between 2012 and 2023, 17.6 billion cubic metres of gas were released in the Amazon. Ecuador was the predominant contributor, responsible for 75 percent of the total, equating to 34 million tonnes of CO₂ emissions released into the atmosphere.
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Ecuador is making internal efforts to address these emissions. In 2021, a regional court ordered the government to remove some of the oil industry’s gas flares located near populated areas in the Amazon provinces. However, this ruling has yet to be fully executed.
“We grew up alongside oil flares that, for more than half a century, have brought death, destruction, and poverty to our Amazon,” stated a group of young Amazonian women in a manifesto. Together with an organisation representing victims of the former Texaco, they are pursuing legal action to halt gas flaring in Ecuador.
The energy transition in Colombia faces obstacles
Since taking office in 2022, President Gustavo Petro has sought to steer Colombia in a different direction to other Amazonian nations by proposing environmentally ambitious policies. These include a ban on new oil and gas exploration, the cessation of fracking – a method involving the high-pressure injection of fluids to extract oil and gas which poses significant risks – and the suspension of offshore oil projects.
But Colombia faces a challenge with its existing 381 oil and gas contracts, which must be honoured, while the industry continues to push for research of new reserves.
Industry lobbyists claim that the nation has less than ten years’ worth of oil to meet domestic demands, which has fuelled exploration efforts. Between 2022 and 2023, Colombia ranked among the top ten countries in terms of discovered reserve volumes, according to Global Energy Monitor. Additionally, in 2024, Colombia’s state-owned Ecopetrol, along with Brazil’s Petrobras, uncovered new natural gas reserves in the country.
Luiz Afonso Rosário of climate campaign group 350.org Brasil said that, for decades, oil has been presented as a promise of economic liberation for South American countries. Yet, he stressed: “What we see is that all the social ills are there, and only half a dozen people have got rich.”
For Rosário, the chasm between promises and reality in the Amazon underscores an urgent need for a broader and more inclusive debate on the future of the biome. “They’re going to devastate the Amazon with more infrastructure to benefit the fossil industry. We should be investing in renewable energies,” he argued.
The post The Amazon rainforest emerges as the new global oil frontier appeared first on Climate Home News.
The Amazon rainforest emerges as the new global oil frontier
N.C. Gov. Josh Stein wants state lawmakers to rethink tax breaks for data centers. The industry’s opacity makes it difficult to evaluate costs and benefits.
Tax breaks for data centers in North Carolina keep as much as $57 million each year into from state and local government coffers, state figures show, an amount that could balloon to billions of dollars if all the proposed projects are built.
The Global Environment Facility (GEF), a multilateral fund that provides climate and nature finance to developing countries, has raised $3.9 billion from donor governments in its last pledging session ahead of a key fundraising deadline at the end of May.
The amount, which is meant to cover the fund’s activities for the next four years (July 2026-June 2030), falls significantly short of the previous four-year cycle for which the GEF managed to raise $5.3bn from governments. Since then, military and other political priorities have squeezed rich nations’ budgets for climate and development aid.
The facility said in a statement that it expects more pledges ahead of the final replenishment package, which is set for approval at the next GEF Council meeting from May 31 to June 3.
Claude Gascon, interim CEO of the GEF, said that “donor countries have risen to the challenge and made bold commitments towards a more positive future for the planet”. He added that the pledges send a message that “the world is not giving up on nature even in a time of competing priorities”.
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Donors under pressure
But Brian O’Donnell, director of the environmental non-profit Campaign for Nature, said the announcement shows “an alarming trend” of donor governments cutting public finance for climate and nature.
“Wealthy nations pledged to increase international nature finance, and yet we are seeing cuts and lower contributions. Investing in nature prevents extinctions and supports livelihoods, security, health, food, clean water and climate,” he said. “Failing to safeguard nature now will result in much larger costs later.”
At COP29 in Baku, developed countries pledged to mobilise $300bn a year in public climate finance by 2035, while at UN biodiversity talks they have also pledged to raise $30bn per year by 2030. Yet several wealthy governments have announced cuts to green finance to increase defense spending, among them most recently the UK.
As for the US, despite Trump’s cuts to international climate finance, Congress approved a $150 million increase in its contribution to the GEF after what was described as the organisation’s “refocus on non-climate priorities like biodiversity, plastics and ocean ecosystems, per US Treasury guidance”.
The facility will only reveal how much each country has pledged when its assembly of 186 member countries meets in early June. The last period’s largest donors were Germany ($575 million), Japan ($451 million), and the US ($425 million).
The GEF has also gone through a change in leadership halfway through its fundraising cycle. Last December, the GEF Council asked former CEO Carlos Manuel Rodriguez to step down effective immediately and appointed Gascon as interim CEO.
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New guidelines
As part of the upcoming funding cycle, the GEF has approved a set of guidelines for spending the $3.9bn raised so far, which include allocating 35% of resources for least developed countries and small island states, as well as 20% of the money going to Indigenous people and communities.
Its programs will help countries shift five key systems – nature, food, urban, energy and health – from models that drive degradation to alternatives that protect the planet and support human well-being by integrating the value of nature into production and consumption systems.
The new priorities also include a target to allocate 25% of the GEF’s budget for mobilising private funds through blended finance. This aligns with efforts by wealthy countries to increase contributions from the private sector to international climate finance.
Niels Annen, Germany’s State Secretary for Economic Cooperation and Development, said in a statement that the country’s priorities are “very well reflected” in the GEF’s new spending guidelines, including on “innovative finance for nature and people, better cooperation with the private sector, and stable resources for the most vulnerable countries”.
Aliou Mustafa, of the GEF Indigenous Peoples Advisory Group (IPAG), also welcomed the announcement, adding that “the GEF is strengthening trust and meaningful partnerships with Indigenous Peoples and local communities” by placing them at the “centre of decision-making”.
The post GEF raises $3.9bn ahead of funding deadline, $1bn below previous budget appeared first on Climate Home News.
GEF raises $3.9bn ahead of funding deadline, $1bn below previous budget
Tropical cyclones that rapidly intensify when passing over marine heatwaves can become “supercharged”, increasing the likelihood of high economic losses, a new study finds.
Such storms also have higher rates of rainfall and higher maximum windspeeds, according to the research.
The study, published in Science Advances, looks at the economic damages caused by nearly 800 tropical cyclones that occurred around the world between 1981 and 2023.
It finds that rapidly intensifying tropical cyclones that pass near abnormally warm parts of the ocean produce nearly double – 93% – the economic damages as storms that do not, even when levels of coastal development are taken into account.
One researcher, who was not involved in the study, tells Carbon Brief that the new analysis is a “step forward in understanding how we can better refine our predictions of what might happen in the future” in an increasingly warm world.
As marine heatwaves are projected to become more frequent under future climate change, the authors say that the interactions between storms and these heatwaves “should be given greater consideration in future strategies for climate adaptation and climate preparedness”.
‘Rapid intensification’
Tropical cyclones are rapidly rotating storm systems that form over warm ocean waters, characterised by low pressure at their cores and sustained winds that can reach more than 120 kilometres per hour.
The term “tropical cyclones” encompasses hurricanes, cyclones and typhoons, which are named as such depending on which ocean basin they occur in.
When they make landfall, these storms can cause major damage. They accounted for six of the top 10 disasters between 1900 and 2024 in terms of economic loss, according to the insurance company Aon’s 2025 climate catastrophe insight report.
These economic losses are largely caused by high wind speeds, large amounts of rainfall and damaging storm surges.
Storms can become particularly dangerous through a process called “rapid intensification”.
Rapid intensification is when a storm strengthens considerably in a short period of time. It is defined as an increase in sustained wind speed of at least 30 knots (around 55 kilometres per hour) in a 24-hour period.
There are several factors that can lead to rapid intensification, including warm ocean temperatures, high humidity and low vertical “wind shear” – meaning that the wind speeds higher up in the atmosphere are very similar to the wind speeds near the surface.
Rapid intensification has become more common since the 1980s and is projected to become even more frequent in the future with continued warming. (Although there is uncertainty as to how climate change will impact the frequency of tropical cyclones, the increase in strength and intensification is more clear.)
Marine heatwaves are another type of extreme event that are becoming more frequent due to recent warming. Like their atmospheric counterparts, marine heatwaves are periods of abnormally high ocean temperatures.
Previous research has shown that these marine heatwaves can contribute to a cyclone undergoing rapid intensification. This is because the warm ocean water acts as a “fuel” for a storm, says Dr Hamed Moftakhari, an associate professor of civil engineering at the University of Alabama who was one of the authors of the new study. He explains:
“The entire strength of the tropical cyclone [depends on] how hot the [ocean] surface is. Marine heatwave means we have an abundance of hot water that is like a gas [petrol] station. As you move over that, it’s going to supercharge you.”
However, the authors say, there is no global assessment of how rapid intensification and marine heatwaves interact – or how they contribute to economic damages.
Using the International Best Track Archive for Climate Stewardship (IBTrACS) – a database of tropical cyclone paths and intensities – the researchers identify 1,600 storms that made landfall during the 1981-2023 period, out of a total of 3,464 events.
Of these 1,600 storms, they were able to match 789 individual, land-falling cyclones with economic loss data from the Emergency Events Database (EM-DAT) and other official sources.
Then, using the IBTrACS storm data and ocean-temperature data from the European Centre for Medium-Range Weather Forecasts, the researchers classify each cyclone by whether or not it underwent rapid intensification and if it passed near a recent marine heatwave event before making landfall.
The researchers find that there is a “modest” rise in the number of marine heatwave-influenced tropical cyclones globally since 1981, but with significant regional variations. In particular, they say, there are “clear” upward trends in the north Atlantic Ocean, the north Indian Ocean and the northern hemisphere basin of the eastern Pacific Ocean.
‘Storm characteristics’
The researchers find substantial differences in the characteristics of tropical cyclones that experience rapid intensification and those that do not, as well as between rapidly intensifying storms that occur with marine heatwaves and those that occur without them.
For example, tropical cyclones that do not experience rapid intensification have, on average, maximum wind speeds of around 40 knots (74km/hr), whereas storms that rapidly intensify have an average maximum wind speed of nearly 80 knots (148km/hr).
Of the rapidly intensifying storms, those that are influenced by marine heatwaves maintain higher wind speeds during the days leading up to landfall.
Although the wind speeds are very similar between the two groups once the storms make landfall, the pre-landfall difference still has an impact on a storm’s destructiveness, says Dr Soheil Radfar, a hurricane-hazard modeller at Princeton University. Radfar, who is the lead author of the new study, tells Carbon Brief:
“Hurricane damage starts days before the landfall…Four or five days before a hurricane making landfall, we expect to have high wind speeds and, because of that high wind speed, we expect to have storm surges that impact coastal communities.”
They also find that rapidly intensifying storms have higher peak rainfall than non-rapidly intensifying storms, with marine heatwave-influenced, rapidly intensifying storms exhibiting the highest average rainfall at landfall.
The charts below show the mean sustained wind speed in knots (top) and the mean rainfall in millimetres per hour (bottom) for the tropical cyclones analysed in the study in the five days leading up to and two days following a storm making landfall.
The four lines show storms that: rapidly intensified with the influence of marine heatwaves (red); those that rapidly intensified without marine heatwaves (purple); those that experienced marine heatwaves, but did not rapidly intensify (orange); and those that neither rapidly intensified nor experienced a marine heatwave (blue).
Dr Daneeja Mawren, an ocean and climate consultant at the Mauritius-based Mascarene Environmental Consulting who was not involved in the study, tells Carbon Brief that the new study “helps clarify how marine heatwaves amplify storm characteristics”, such as stronger winds and heavier rainfall. She notes that this “has not been done on a global scale before”.
However, Mawren adds that other factors not considered in the analysis can “make a huge difference” in the rapid intensification of tropical cyclones, including subsurface marine heatwaves and eddies – circular, spinning ocean currents that can trap warm water.
Dr Jonathan Lin, an atmospheric scientist at Cornell University who was also not involved in the study, tells Carbon Brief that, while the intensification found by the study “makes physical sense”, it is inherently limited by the relatively small number of storms that occur. He adds:
“There’s not that many storms, to tease out the physical mechanisms and observational data. So being able to reproduce this kind of work in a physical model would be really important.”
Economic costs
Storm intensity is not the only factor that determines how destructive a given cyclone can be – the economic damages also depend strongly on the population density and the amount of infrastructure development where a storm hits. The study explains:
“A high storm surge in a sparsely populated area may cause less economic damage than a smaller surge in a densely populated, economically important region.”
To account for the differences in development, the researchers use a type of data called “built-up volume”, from the Global Human Settlement Layer. Built-up volume is a quantity derived from satellite data and other high-resolution imagery that combines measurements of building area and average building height in a given area. This can be used as a proxy for the level of development, the authors explain.
By comparing different cyclones that impacted areas with similar built-up volumes, the researchers can analyse how rapid intensification and marine heatwaves contribute to the overall economic damages of a storm.
They find that, even when controlling for levels of coastal development, storms that pass through a marine heatwave during their rapid intensification cause 93% higher economic damages than storms that do not.
They identify 71 marine heatwave-influenced storms that cause more than $1bn (inflation-adjusted across the dataset) in damages, compared to 45 storms that cause those levels of damage without the influence of marine heatwaves.
This quantification of the cyclones’ economic impact is one of the study’s most “important contributions”, says Mawren.
The authors also note that the continued development in coastal regions may increase the likelihood of tropical cyclone damages over time.
Towards forecasting
The study notes that the increased damages caused by marine heatwave-influenced tropical cyclones, along with the projected increases in marine heatwaves, means such storms “should be given greater consideration” in planning for future climate change.
For Radfar and Moftakhari, the new study emphasises the importance of understanding the interactions between extreme events, such as tropical cyclones and marine heatwaves.
Moftakhari notes that extreme events in the future are expected to become both more intense and more complex. This becomes a problem for climate resilience because “we basically design in the future based on what we’ve observed in the past”, he says. This may lead to underestimating potential hazards, he adds.
Mawren agrees, telling Carbon Brief that, in order to “fully capture the intensification potential”, future forecasts and risk assessments must account for marine heatwaves and other ocean phenomena, such as subsurface heat.
Lin adds that the actions needed to reduce storm damages “take on the order of decades to do right”. He tells Carbon Brief:
“All these [planning] decisions have to come by understanding the future uncertainty and so this research is a step forward in understanding how we can better refine our predictions of what might happen in the future.”
The post Marine heatwaves ‘nearly double’ the economic damage caused by tropical cyclones appeared first on Carbon Brief.
Marine heatwaves ‘nearly double’ the economic damage caused by tropical cyclones
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