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Petrobras and Shell will jointly finance the Carbon Countdown initiative with over $18.6 million to measure carbon storage in Brazil's soils and forests. The study aims to create a comprehensive database of carbon stocks across all Brazilian states, enhancing climate policy and carbon market accuracy.

Led by the University of São Paulo's Center for Carbon Studies, the project involves 6,500 sampling sites and aims to publish findings in peer-reviewed journals. Critics raise concerns about fossil fuel companies funding climate research, while project leaders emphasize transparency.