By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Chamber of Deputies in Brazil rejected on Wednesday (December 13th) an amendment passed by the country’s Senate on Tuesday and upheld a bill that guarantees tax breaks to the world’s largest petroleum companies operating in the country until 2040.

On Tuesday, December 12th, the Senate had amended the Chamber’s bill for the fiscal breaks to be given only until 2022. “I think this bill is scandalous since it ends the (government’s) local content policies, generates jobs outside the country and renders tax breaks of billions . . .

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