This excerpt taken from the PBR 6-K filed Aug 21, 2007.
24. ENVIRONMENTAL, HEALTH AND SAFETY (SMS)
Petrobras continued improvement in its environmental performance, in line with that specified in the Strategic Plan, is associated with the implementation of two major programs: the Process Security Program (PSP) and the Program for Excellency in Environmental Management and Operational Safety (Pegaso).
In the first half of 2007, excluding the costs with employees medical assistance and external environmental project support, the security, environmental and health (SMS) investments of the company totaled R$ 1.846.000 thousand, of which R$ 399.000 thousand refers to shares in the Program for Excellency in Environmental Management and Operational Safety (Pegaso).