November 3, 2023
Our LinkedIn Updates and Posts
- Argentina is facing a severe fuel shortage due to domestic refining problems, delays in importing fuel, and a fixed local oil price below the international price Read more here.
- The United States is advocating for the inclusion of nuclear power and the halt of new coal power plants in the global pledge to boost clean energy at the upcoming climate summit in Dubai. Read the complete article here.
- The increasing demand for lithium and its extraction in Latin America, particularly in countries like Bolivia, Argentina, and Chile, raises concerns over water scarcity, environmental impacts, and the need for sustainable practices. To learn more, click here.
LATAM Highlights
Brazil
Brazil's government debates 2024 fiscal target amid internal strife, according to Valor International.
Colombia
Colombian opposition triumphed in elections, challenging President Petro's leftist coalition, according to Reuters.
Panama
Panama challenges major copper mine contract and First Quantum faces uncertain future. Read the Reuters article here.
Venezuela
Venezuelan opposition leader Maria Corina Machado, despite facing an office ban and attempts by President Nicolás Maduro to invalidate her win, vows presidential run, the FT reports.
Argentina
Argentina may limit oil exports due to local fuel shortages, Oilprice reports .
Chile
Bloomberg reports that the Chilean economy is seeing the largest monthly boost since January amid mining sector revival.
Notable Transactions in Our Space
Petronas to invest $1.6B in Indian green ammonia.
Eavor Technologies secures $182M for advanced geothermal energy development.
Engie Brasil Energia to acquire 545MW of solar parks from Atlas
Essential Read
The six strategies and mindsets to be a growth outperformer company, according to McKinsey.
Podcast Spotlight
Why are US oil giants investing more when forecasts show that global demand for fossil fuels will peak within the decade and there is a shift towards clean energy? Find out in this week's podcast by the FT, Big Oil's Big Bet.
Within Our Network
Good news for TPAR Porto de Agra!
Stat of the Week
AI systems perform better than humans in language and image recognition in some tests, according to Our World In Data.
