Brazil's energy reform at stake in election showdown

The energy sector will see a reform agenda gain momentum from a Bolsonaro win, but a change in direction if Haddad can pull off an unlikely comeback

Brazil's impending presidential election run-off offers the country's energy industry two very clear alternatives. The poll on Sunday pits a candidate committed to further rolling back the state's involvement against an opponent who advocates undoing much of the cautious progress of the current administration, towards a less state-dominated industry. The only major question mark is whether either candidate—the rightist Jair Bolsonaro, favourite after picking up 46% of the vote in the first round, or the leftist Fernando Haddad, the underdog after garnering less than 30%—pivots away from their staked-out positions towards a more centrist approach to try to ensure victory in the 28 October vot