Junk Rating For Raízen Sends A Warning Signal On Brazil’s Energy Transition

Raízen is supposed to be one of Brazil’s showcase “green energy” stories. It is a joint venture between Shell and Cosan, built on vast sugarcane fields, ethanol plants and fuel stations that stretch across the country. On paper, it links climate-friendly fuel, big global capital and Brazil’s natural advantages. But Moody’s latest move shows another […]