WTO WARNS BRAZIL HYDROCARBON WINDFALLS DO NOT HELP CITIES NEAR OIL WELLS
June 1st, 2010
BY KEITH NUTHALL
A WORLD Trade Organisation (WTO) study has found Brazilian municipalities near oil wells are little better off than those with no hydrocarbon resources. "Oil windfalls translate into little improvement in the provision of public goods or the population's living standards," it concludes, warning flows of local oil royalties can increase corruption and crime.
ENDS
A WORLD Trade Organisation (WTO) study has found Brazilian municipalities near oil wells are little better off than those with no hydrocarbon resources. "Oil windfalls translate into little improvement in the provision of public goods or the population's living standards," it concludes, warning flows of local oil royalties can increase corruption and crime.
ENDS
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