Issue 4 👉

November 17, 2023

Within Our Network

Bureau Veritas helps ThorCon achieve seaworthiness certification for the ThorCon 500 power plant, which will be transported to its coastal location in Indonesia.

LATAM Highlights

Brazil
According to Reuters, Brazil raised $2B with first ever green bond issuance.

Colombia
Bloomberg reports that the Colombian peso fell 1.8% after unexpected GDP drop.

Panama
Copper unrest: a Canadian mining company faces major ESG challenges, jeopardizing a major, new copper mine. Read the Reuters article here.

Venezuela
Venezuela wants the United Nations to intervene in its longstanding dispute with Guyana over a 61,600 square-mile territory known as the Essequibo, according to BNN Bloomberg.

Argentina
Argentina goes to the polls on Nov 19 and the winer will have to face triple-digit inflation and a plummeting currency. Read the Bloomberg article here.

Chile
MercoPress reports that Chile and Argentina reinforce mining cooperation with working group agreement on lithium.

Notable Transactions in Our Space

Abu Dhabi National Oil Co makes $2.1B offer to acquire major stake in Brazil’s Braskem, LATAM’s leading petrochemicals company.

A Glencore-led consortium has agreed to buy Teck Resources’ coal assets for $6.9B.

TES Canada will build a $4B green hydrogen plant.

Exxon to start lithium production for EVs.

Essential Read

The total value of major compliance global carbon markets is expected to grow 5% this year, Bloomberg reports.

Cusco, Peru.

Podcast Spotlight

Does artificial general intelligence pose an existential risk to humanity? An interesting conversation from the FT with three AI experts and whether we should worry.

Stat of the Week

According to the U.S. Energy Information Administration,nuclear power exhibits extremely high energy density.

Our LinkedIn Updates and Posts

Green hydrogen has the potential to combat climate change and revolutionize the energy industry. This video explores the companies at the forefront of green hydrogen production.
The Panama Canal is experiencing a more than 40% reduction in vessel traffic due to a severe drought. Various sectors, including coal, LNG, and agricultural products, are affected.
The U.S. and China pledge to reduce greenhouse gases and methane emissions to support U.N. climate talks and stabilize their relationship.

More News

Issue 47🌎

September 13, 2024 - AWS invests in Brazil, Colombia’s budget rejected, Argentina targets $15 billion in energy, Chile's SQM issues an $850M bond, and more

Issue 46💫

September 6, 2024 - Starlink blocks X in Brazil, Ecopetrol faces disruptions, Vista Energy invests in Argentina, Rio Tinto joins Chile’s lithium project, and more.

Issue 45⚡

August 30, 2024 - Brazil’s new central bank chief, Colombia’s energy security push, Argentina’s $10B export forecast, Chile’s solar subsidy review, and more.