New CEO of Petrobras to focus on energy transition

The new CEO of Petrobras wants to play an old game as long as he can. He likely knows that his stint in power at the Brazilian behemoth will not last forever and the term energy transition is just perfect to hide all kinds of programs that allow plenty of sweet deals on the side plus to shirk responsibilities. As the green mob will always go easy on a CEO that wrings his company dry and destroys its core business when he makes the right noises and overtures. But who knows, maybe it’s a smart ruse to keep the greenies looking away from some real O&G heavy drilling. We will learn soon enough. 

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