October 4, 2024
Within our Network
Congratulations to Aliseo S.A. for their participation in Rio Oil & Gas 2024.
LATAM Highlights
Brazil
Brazilian state hosting COP30 climate summit supports gold mining regulations (Reuters)
Colombia
Colombia plans $40 billion transition to move away from oil (Bloomberg)
Argentina
Argentina's budget cuts ignite student protests (Reuters)
Chile
Google X rolls out AI-powered grid tools in Chile after pilot phase (Latitude Media)
Peru
Peru implements special measures to support the petrochemical sector (América EconomÃa)
Ecuador
Ecuador embraces carbon markets amid mixed reactions (Dialogue Earth)
Venezuela
Independent experts validate election results showing Maduro’s defeat, according to Venezuela’s opposition (AP News)
Mexico
Sheinbaum targets 45% renewable energy in Mexico by 2030 (Financial Post)
Guyana
Guyana receives bids from major companies for oil marketing (Reuters)
Notable Transactions
Activist investor Elliott won an auction to take control of Citgo Petroleum from Venezuela with a $7.3B bid.
Brazilian conglomerate Cosan is considering a sale of assets including its $2.2B stake in mining giant Vale.
Latam Airlines raised $1.4B in a dollar bond sale.
Brazilian energy firm Eneva launched a $774M share offering.
Validus Energy agreed to buy rival Citizen Energy for over $2B, including debt.
Essential Read
The Financial Times explores how hyperscale tech companies like Google, Amazon, and Meta are driving renewed demand for nuclear power, as AI's growing energy needs align with the push for low-carbon solutions.
Podcast Spotlight
In Bloomberg's Zero podcast, Colombia's plan to phase out fossil fuels and its $40 billion economic transition are discussed, along with Brazil's potential role as a leader on climate change as it prepares to host COP30 in 2025.
Stat of the Week
The Visual Capitalist graphic, illustrates the 10-year decline in lithium-ion battery prices, with lithium prices dropping nearly 90% since late 2022 due to oversupply and a slowdown in EV adoption.
Our LinkedIn Updates and Posts
As reported by Bloomberg, Microsoft will pay over $100 per megawatt hour for clean power from Three Mile Island, signaling that carbon-free nuclear energy is not yet a commodity. Learn more here.
According to Oil Price, Azerbaijan's financial aid to small island nations at COP29 is seen as a strategic move to counter France's influence. Read more.
Meme of the Week
