August 30, 2024
LATAM Highlights
Brazil
Brazil's Lula appoints political ally Galípolo as new central bank chief (Financial Times)
Colombia
Colombian business sector urges stronger policies for energy security (América Economía)
Argentina
Argentina projects lithium and copper to drive $10 billion in metal exports by 2027 (Reuters)
Chile
Chile considers suspending solar energy subsidies (Oil Price)
Peru
Peru expects record high gold exports to India, reports authority (Reuters)
Panama
Panama Canal to roll out a new quota system starting October (América Economía)
Ecuador
Ecuador moves forward with closing its first ITT oil well (América Economía)
Venezuela
Maduro’s pick for Venezuela’s police chief sparks fears of intensified crackdowns
(AP News)
Paraguay
Paraguay’s IMF deal includes plans for a carbon tax on liquid fuels (América Economía)
Notable Transactions
Fortera Secures $85M Series C Funding to Scale Low-Carbon Cement Technology
ExxonMobil is seeking to sell some conventional Permian Basin oil assets for $1B
ONEOK to acquire energy assets for $5.9B
Essential Read
Meteorologist Celeste Saulo, as noted by the Financial Times, stresses that climate change is an urgent reality and calls for increased action from governments and businesses to meet Paris Agreement targets.
Podcast Spotlight
Tim Latimer, founder of geothermal startup FERVO, discusses on Zero the shift from oil and gas drilling to geothermal energy, highlighting new plants in Nevada and Utah, and expansion plans into Kenya, Indonesia, Turkey, and the Philippines.
Stat of the Week
This chart from UN Trade & Development highlights over $5 trillion in global commodity exports, categorizing by sector and material value. Oil and its products, averaging $1.5 trillion annually, represent 30% of global exports.
Our LinkedIn Updates and Posts
- Reviving Michigan’s decommissioned Palisades plant: a global first in green energy investment. Read more here.
- Hybrid aircraft could be the key to making electric planes viable. Learn more here.
Meme of the Week
