November 8, 2024
LATAM Highlights
Brazil
Decline of the Brazilian real forces Lula to address spending issues (Financial Times)
Colombia
Colombia’s Petro warns of ‘structural’ water shortage in Bogotá (Bloomberg)
Argentina
Litigation surge challenges Argentina’s President Milei (Financial Times)
Chile
Chile’s Codelco seeks permit for $650M Andina water project (Reuters)
Peru
Telefonica writes down Peru unit but maintains 2024 targets (Reuters)
Panama
Panama to revoke flags on US-sanctioned LNG ships (Reuters)
Ecuador
Ecuador’s President Noboa mandates economic relief for debt-hit citizens amid energy crisis (América Economía)
Guyana
Report: Guyana, Suriname could supply 12 million tonnes of LNG annually by 2030s (Reuters)
Mexico
Mexico’s Supreme Court fails to block contentious judicial overhaul (WSJ)
Notable Transactions
Pluspetrol acquires most of ExxonMobil's assets in Argentina’s Vaca Muerta shale.
Pelican Energy Partners raised $450M for a fund targeting nuclear energy services.
LatAm proptech MoradaUno raised $5.6M Series A from Flourish Ventures and Cometa.
GOL’s top lender Abra Group to take control in a $2.5B debt restructuring.
Brazilian conglomerate Votorantim considers IPO for its North American cement business.
Two Essential Reads this week!
Trump’s election victory signals significant shifts in energy and Latin American policies. Supported by a Republican Senate and Supreme Court, he plans to challenge climate measures, increase oil and gas production (“drill, baby, drill”), and enforce strict immigration policies.
Podcast Spotlight
The Switched-ON podcast discusses the $326B investment in global power grids in 2023, highlighting challenges like rising power demand, weatherproofing, and renewable project backlogs.
Stat of the Week
The map illustrates renewable energy generation by country, with a global average of 29% as of 2024. It highlights differences across nations, showing that wealth isn't the primary factor influencing renewable energy performance.
Our LinkedIn Updates and Posts
COP16 finance talks broke down, but historic agreements for Indigenous groups were made, and the key issue of biodiversity finance remains unresolved. For more, click here.
Trump’s victory is seen as a setback for climate action ahead of the COP summit. Read the full FT article here.
Meme of the Week
