Mubadala Shifts from Oil to Green Energy in Brazil
Mubadala Capital, the UAE’s sovereign wealth fund’s investment arm, is moving from traditional oil operations in Brazil. Motivated in part by a pricing dispute with Petrobras, Mubadala accused the oil giant a year ago of setting unfairly high oil prices. Consequently, Mubadala is now investing $3 billion in a new bio-refinery in Bahia, Brazil, eyeing […]