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Salles’ departure does not change the government’s environmental policy, executives estimate – 06/23/2021 – Market



Salles' departure does not change the government's environmental policy, executives estimate - 06/23/2021 - Market

The change in leadership of the Ministry of the Environment, promoted by President Jair Bolsonaro (no party), should not change the federal government’s policy in this area, according to leaders who commented on Ricardo Salles’ resignation this Wednesday (23).

The subject of an STF (Federal Supreme Court) investigation on suspicion of supporting businessmen in the forestry sector, Salles will be replaced by Joaquim Pereira Leite, secretary for Amazon and the ministry’s environmental services.

It is too late for Roberto Klabin, board member of the pulp and paper producer Klabin, a former holder of the Environment program.

“Salles will be remembered as the worst environmental minister in this country,” says businessman and founder of SOS Mata Atlântica and SOS Pantanal, two environmental NGOs.

“His only effort in this position is to do everything to please the president. [Jair Bolsonaro] and try to enter their closest circle, ”the businessman says.

Klabin is one of the signatories to a letter sent this Wednesday (23) to House President Arthur Lear, criticizing the bill, which was described as a failure of environmental policy.

“In this government, the environment is seen as an obstacle to the country’s development. As long as this president thinks and acts like that, nothing will improve and other Sallys will appear. ”

Sergio Leitau, executive director of Instituto Escolhas, an organization for the sustainability of civil society, says that in practice the ministry remains the same, with no policy changes.

“On a huge farm called Bolsonaro by the government, the cowboy left, but the owner of the herd and the administrator of the farm remained. The owner is Bolsonaro, and the minister is Teresa Cristina. [Agricultura]… “

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According to Leitao, Salles carried out the actions required by the Ministry of Agriculture, and Christina’s portfolio was a kind of beneficiary of all the actions of the minister.

“New [ministro] whoever considers a follower of the same primer will change nothing. Perhaps what will change is that the theatricality and aggressiveness of former minister Salles made him more unfriendly, but in practice the ministry continues to operate without changing policy, ”he says.

Eugeniu Singer, CEO of environmental consultancy Ramboll Brasil, says the minister left not because of his role in solving environmental problems, but because of suspicions of corruption in his portfolio.

“The project to dismantle environmental control and protection institutions is gaining momentum. Most likely, environmental policy will not change, and the country will again lose the opportunity to play a leading environmental role at the forefront of the world. It doesn’t matter who takes over. “

Paulo Hartung, Executive President of Ibá (Brazilian Tree Industry), said that Brazilian environmental policy has created barriers to Brazilian products around the world in recent years.

“The business sector warned about this, about the need to effectively fight against illegal traffic in the Amazon, about the danger of legislative changes, as stated in a letter from businessmen to Arthur Lear. We must keep an eye on the markets that we conquer. During the climate crisis, we have an opportunity, but we are missing it. “

Luis Fernando Cuaglio, ESG (ecology, social and governance) specialist at Veedha Investimentos, compares this episode to the departure of Ernesto Araujo from Itamarati, replaced by Carlos France, who is considered less radical.

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“The fall of Salles is a piranha bull for the herd. The electoral corral of the government is located in the countryside, this is the Brazilian agrarian environment, ”says the specialist.

According to Quaglio, the minister was not unanimous in agribusiness as he was seen as an obstacle to a green economy, damaging the country’s image abroad.

“However, the international market does not really see this image. ESG world [de boas práticas ambientais, sociais e de governança] and the green economy is driven by materiality, not speech, but the government is getting a new lease on life. “

Conrado Magallains, political scientist for Guide, says the exchange does not affect the stock exchange and exchange rate, but gives the government time to better communicate on environmental issues, which could have a positive effect on Brazil. long term.

“If milk [novo ministro] taking a different approach and demonstrating a commitment to the environment is an opportunity for the government to shift and move closer to the vision of Europe and the United States, which have given greater importance to this issue. This is an opportunity to change the image if the government makes more vigorous efforts, ”he says.

“The Ministry of the Environment has not given good news for a long time, and today an environmental agenda is needed and companies are increasingly looking for ESG standards,” says André Perfeito, chief economist at Necton.

Marina Braga, placement manager at BlueTrade, also sees no effect from her dismissal in trading on Thursday (24).

“The market is now ‘ignoring’ these questions and is paying more attention to growth, interest rates and inflation. The exchange in dollars continues to attract the attention of foreigners, and the growth of the Selic rate also helps to bring in money from abroad, ”says Marina.

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One of the financial sector executives, who chose not to be named, said that the international market perceives the exchange positively, because Brazil’s image has been undermined. On the other hand, however, whoever replaces Salles follows the same program, which means that nothing will change.

If the country’s environmental agenda follows the path of what she called “climate denial,” she said, boycotts and sanctions will become more frequent and investment will disappear.

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The dollar continues to reflect the political scenario



The dollar continues to reflect the political scenario

Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!

Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.

Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.

The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.

Yesterday, the spot price closed the selling day at R$5.3103.

For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!

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Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.



The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.

Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.

No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.

Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.

Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.

The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.

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The EU has reached a political agreement on limiting gas prices – 19.12.2022



Germany sentenced Russian to life imprisonment for political murder by order of Moscow - 12/15/2021
BRUSSELS, DECEMBER 19 (ANSA). European Union countries reached a political agreement on Monday (19) to impose a natural gas price ceiling of 180 euros per megawatt hour (MWh). The main sources of income for Russia and the minimization of the use of energy as a weapon by the regime of Vladimir Putin.

The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .

The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.

Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.

The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.

Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.

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“This is a victory for Italian and European citizens who demand energy security,” he added.

Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.

However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).

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