September 20, 2024
LATAM Highlights
Brazil
Banned X briefly restored in Brazil after technical update (Financial Times)
Colombia
Stori, the Mexican fintech unicorn, enters Colombia to challenge informal lending (América Economía)
Argentina
Argentina’s Javier Milei vows to cut budget deficit by 2025 (Financial Times)
Chile
Google resets Chile data center plans due to environmental concerns (Reuters)
Peru
Aramco to increase stake in EIG's MidOcean to 49%, fund new stake in Peru LNG
(Reuters)
Venezuela
Gold Reserve exits competition for Citgo parent company shares (Reuters)
Mexico
U.S. trade partners seize opportunity from White House permit freeze to boost gas exports (Financial Times)
Notable Transactions
Italian energy firm Eni is in talks to sell a minority stake in its renewable and retail business Plenitude at an $11.1B valuation.
Energy Impact Partners, a New York, NY-based investment firm, raised $1B for its latest flagship fund.
BP plans to sell its ~$2B US onshore wind energy business.
Essential Read
Heatmap analyzes OpenAI's new models, exploring their improved reasoning capabilities and the potential increase in energy consumption.
Podcast Spotlight
FT Podcast explores BP’s decision to sell its US wind business to focus on solar, alongside BlackRock and Microsoft’s $30bn AI data center fund launch.
Stat of the Week
The Visual Capitalist graphic shows global coal consumption by region from 1965 to 2023, highlighting China’s dominance with 56% of the world’s coal consumption in 2023.
Our LinkedIn Updates and Posts
- The Financial Times reports Brazil’s quest to balance its ambitions as both a climate leader and an oil powerhouse—can it succeed? Discover more here.
- As detailed by the Financial Times, BlackRock and Microsoft’s $30 billion AI infrastructure fund is set to make waves. Find out how.
- Reuters reveals Meta’s major move to purchase up to 3.9M carbon credits in Latin America, highlighting its commitment to sustainability. Learn more here.
Meme of the Week
