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Inflection points push corporate leaders into a strategic danger zone. The millennial workforce exhibits behavior and beliefs that stand in marked contrast to those of older employees. China’s leadership has announced that it intends to supplant the US as the leading technological and military power. We’re living through greater uncertainty about energy and food supplies than most corporate leaders have experienced during their careers. Inflation is rising to the highest level in 40 years. But it may just as likely signal the beginning of the end.” Today, it feels like the world is at such an inflection point. The unique and biodiverse area is home to little-studied swaths of mangroves and a coral reef, and activists and experts had said the project risked leaks that could imperil the sensitive environment.In Only the Paranoid Survive, Andy Grove defined an inflection point as “a time in the life of a business when its fundamentals are about to change.” Speaking from hard-won experience, the former Intel CEO went on: “That change can mean an opportunity to rise to new heights. “There is no doubt that Petrobras was offered every opportunity to remedy critical points of its project, but that it still presents worrisome inconsistencies for the safe operation in a new exploratory frontier with high socioenvironmental vulnerability,” Agostinho wrote in his decision. The company failed to convince the environmental agency. The company earmarked almost half its five-year, $6 billion exploration budget for the area.ĬEO Jean Paul Prates had said that the first well would be temporary and that the company has never recorded a leak in offshore drilling. With Brazil’s existing production set to peak in coming years, Petrobras has sought to secure more reserves off Brazil’s northern coast. The decision to reject the state-run oil company Petrobras’ request to drill the FZA-M-59 block was made “as a function of a group of technical inconsistencies,” said the agency’s president, Rodrigo Agostinho, who highlighted environmental concerns.
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#Coherence netflix brasil license
RIO DE JANEIRO (AP) - Brazil’s environmental regulator refused on Wednesday to grant a license for a controversial offshore oil drilling project near the mouth of the Amazon River, prompting celebration from environmentalists who had warned of its potential impact.
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