Governance | Public Policies, Initiatives and Associations
[415] [415-1] [102-12] [102-13]
Public Policies, Initiatives and Associations Public policies As provided for in article 238 of Law 6.404/1976, we can have our activities directed with the purpose of serving the public interest that justified our creation, that is, seeking to meet the objective of the national energy policy provided for in article 1, item V, of Law 9.478/1997, to guarantee the supply of oil products throughout the national territory. The contribution to the achievement of this public interest must be compatible with our corporate purpose and market conditions and must not jeopardize our profitability and our financial sustainability. Our bylaws clearly indicate the relevant collective interest that justified our creation and formalize the requirements so that its execution is provided for under conditions different from those of any other private sector company operating in the same market. In this case, each fiscal year it will be up to the Federal Government to compensate for the difference between market conditions and the net income from operations or economic return of this obligation. In compliance with the requirements for the disclosure of data on activities that are related to the achievement of public interest purposes under conditions different from those of any other private sector company operating in the same market, we summarize the commitments in force in 2021 below: PUBLIC POLICY COMMITTMENTS
PPT - Priority Thermoelectricity Program
The Program, instituted by Decree no. 3.371, of February 24, 2000, sought to implement thermoelectric plants. The plants that are part of this program, as long as they had entered into effective commercial operation by December 31, 2004, are entitled to the supply of natural gas by Petrobras for a period of up to 20 years, counted from the beginning of commercial operation, with a price -established and readjusted for American inflation. The supply of gas to the plants under the PPT generated, in 2021, revenues of approximately BRL 1.754 billion and costs of BRL 2.812 billion, a result supplied by the company's budget.
CONPET - National Program to Rationalize the Use of Oil Products and Natural Gas
The Program, instituted through the Decree of July 18, 1991, aims to promote the development of an anti-waste culture in the use of non-renewable natural resources. Petrobras also participates in the Brazilian Labeling Program (PBE), in partnership with the National Institute of Metrology, Quality and Technology (INMETRO), which aims to encourage the production and use of gas appliances and more efficient vehicles. In 2021, the costs associated with CONPET, funded by the company's budget, amounted to approximately BRL 527 thousand.
Public interest information is also available in our Annual Letter of Public Policies and Corporate Governance, developed in compliance with Law 13,303/2016 and Decree 8,945/2016 and is published on our Investor relations website.
PETROBRAS
SUSTAINABILITY REPORT | 2021
85
