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Lula’s Green Fuel Law Favors Farmers Over Oil Giant Petrobras

(Bloomberg) -- New legislation in Brazil is set to support farmers by pushing additional demand toward biofuels — and away from the fossil fuels produced by state-controlled oil giant Petroleo Brasileiro SA. Most Read from BloombergHow Air Conditioning Took Over the American OfficeThe Outsized Cost of Expanding US RoadsHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatAt its final stages in Congress, the “Fuel of The Future” bill from President Luiz Inacio Lula da Silva’s government creat