Brazilian oil giant Petrobras exits renewables business

Boss of state-controlled company suggests renewables are loss leaders and that other oil companies are only investing in sector for marketing purposes

Roberto Castello Branco, chief executive of state-controlled Brazilian oil company Petrobras
Roberto Castello Branco, chief executive of state-controlled Brazilian oil company PetrobrasPhoto: AFP/Getty
Published 5 August 2019, 14:01Updated 5 August 2019, 16:47