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Supreme Court Endorses Allocation of R$2.5 Billion Petrobras Penalty

RIO DE JANEIRO, BRAZIL - Federal Supreme Court (STF) Justice Alexandre de Moraes ratified on Tuesday, September 17th the agreement to allocate R$1 billion (US$250 million) for the preservation of the Amazon, and R$1.6 billion for the area of education.

The funds originate from a penalty paid by Petrobras to Brazilian authorities following an agreement with the US government.

With this approval, Moraes authorized the "immediate" transfer of funds, which are deposited in . . .

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