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Brazil: Impeachment advances and may pave the way for pre-salt bill
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Report summary
Brazil's Chamber of Deputies voted in favour of opening an impeachment trial against President Dilma Rousseff on 17 April. The debate now turns to the senate and indications suggest the upper chamber has the requisite majority votes to do the same. If passed, Rousseff will be forced to temporarily step down as the impeachment trial could begin as soon as mid-May. While these hearings have distracted lawmakers, an impeachment trial may open a legislative path in the coming months for a contentious pre-salt bill under review. While this bill alone will not solve the many challenges confronting Brazil's oil & gas sector, it would be a move in the right direction.
Table of contents
- Executive summary
- Rousseff loses key vote
- Odds for pre-salt legislation improve
- Conclusion
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- Brazil: Impeachment advances and may pave the way for pre-salt bill: Image 1
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