Brazil's President Michel Temer speaks during a ceremony at the Planalto Presidential Palace, in Brasilia, Brazil, Tuesday, Oct. 17, 2017. (AP Photo/Eraldo Peres)
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Brazil's Petr?leo Brasileiro SA has applied to federal environmental agency Ibama to provide environmental protection services in exchange for wiping out all its fines for environmental offenses, the state-controlled oil company said late Saturday.The move from Petrobras, as the company is known, comes after Brazilian President Michel Temer signed a decree allowing the conversion of such fines to environmental services, with discounts of up to 60 percent of the initially stated penalties.
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