RIO DE JANEIRO — Tens of thousands of people have taken to the streets of Rio de Janeiro to protest against changes in an oil royalties law that would drain the city’s coffers.
Changes made by Brazil’s lower house of Congress would cut about $4 billion from Rio’s revenues annually. That would endanger the city’s ability to host the 2016 Olympics — with its $14 billion price tag — and the finals of the 2014 World Cup.
On Wednesday, Brazilian Energy Minster Edison Lobao said President Luiz Inacio Lula da Silva will veto the legislation if the Senate does not fix the royalty distribution plan.
In the past two years Brazil has discovered extensive offshore oil deposits.
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
Only subscribers can view and post comments on articles.
Already a subscriber? Login Here
Love & Hope & Magic: The Making of Jinx, the Musical,” is a documentary chronicling … Read morePremiere of Love & Hope & Magic: The Making of Jink, The Musical
Join us for an unforgettable evening as we set sail into the world of luxury river cruising!… Read moreLegendary Rivers & Tours Expo
San Francisco Symphony players get together in an intimate setting of the Gradus Ad Parnassu… Read moreSoirée Française: Our Favorite Violin Sonatas
Planning your dream wedding? Discover everything you need at the Wedding Fair in the Park – … Read moreWedding Fair in the Park
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.