Issue 42👉

August 9, 2024

Within Our Network

Congratulations to CIM for being featured in the Financial Times' list of top impact investors! This recognition underscores your significant role in driving sustainable solutions across key sectors and regions. Well done! 👏 

LATAM Highlights

Brazil

LATAM Airlines to invest $2B in Brazil within the next two years (Reuters)

Colombia

Petrobras discovers natural gas off the coast of Colombia (Oil Price)

Argentina

Argentine oil firm YPF sells 15 unprofitable fields to six different companies (América Economía)

Chile

Chilean company Copec explores options in green hydrogen and copper (Bloomberg)

Peru

Peruvian firm to invest $350M in a solar power plant in the south (Reuters)

Panama

Panama government authorizes financing of up to $9B (Reuters)

Ecuador

Ecuador’s economy minister dismisses fears of a recession (América Economía)

Venezuela

Venezuela investigates opposition leaders amid crackdown on protests (Reuters)

Bolivia

Bolivia's president promises public votes on fuel subsidies and reelection legality (AP News)

Notable Transactions

Bill Gates' Breakthrough Energy Ventures raised $840M for its third fund.

Equatorial Guinea held talks with commodities trader Trafigura for a potential $2B in energy development financing.

Mining giant BHP is seeking to sell Brazilian copper and gold assets acquired from its takeover of Oz Minerals.

Essential Read

Learn how the nuclear industry is evolving to meet future energy demands with smaller, safer reactors in this insightful article by Cipher.

Podcast Spotlight

Understand why global stock market turmoil following a weak US jobs report shouldn’t cause panic and its implications for the average consumer in this CNN podcast.

Stat of the Week

See how National Oil Companies like Saudi Aramco, Gazprom, and Qatar Energy surpass major international firms in global oil and gas reserves and profits in this insightful chart from Energy Analytics.

Our LinkedIn Updates and Posts

• Read about how Breakthrough Energy is advancing its clean energy and climate investments in our LinkedIn post.
• Find out how China is leading in nuclear energy development with new small modular reactors and what this means for global energy trends. Read more on here.
• Read about Hong Kong's reliance on nuclear power for its clean energy future here.

Meme of the Week