October 27, 2023
Welcome! We are excited to announce the launch of our weekly newsletter, a resource for staying up-to-date on the latest news and developments in the realm of clean energy, natural resources and everything Latin America.
Our LinkedIn Updates and Posts
Read an in-depth analysis of the consequences of failing to address energy realities, including the role of nuclear power in today's global economy here.
- Brazil's Senate Environment Committee approved a bill regulating hydrogen energy, emphasizing green hydrogen production and renewable sources. Read our LinkedIn post here.
- The International Energy Agency confirms a global shift in clean energy. Read more here.
LATAM Highlights
Brazil
Brazilian lawmakers have formed a congressional caucus to advocate for the oil and gas industry, especially Petrobras' offshore exploration near the Amazon, Reuters reports.
Colombia
Colombia plans to initiate its inaugural tender for licensing offshore wind blocks in December, amidst shifts towards renewable energy, according to Reuters.
Venezuela
The U.S. temporarily lifted sanctions on Venezuela's oil sector after a governmental agreement, potentially allowing a 25% increase in the country's crude oil production, which may also ease global oil supply constraints, Oilprice reports.
Argentina
Following a surprise victory with 36.7% of the vote on Sunday, Massa is positioning himself as a more stable option compared to radical libertarian economist Javier Milei, who secured 30%, the FT reports here.
Notable Transactions in Our Space
Chevron to buy Hess in a $53B all-stock deal.
Northvolt battery maker plans $20B Stockholm IPO listing.
Mining billionaire Gina Rinehart buys 19% in lithium producer Azure Minerals.
Stonepeak to buy shipping container firm Textainer for $2.1B.
Electric Hydrogen (EH2), a green hydrogen company, recently completed a $380M series C round.
Essential Read
The International Energy Agency’s annual report offers a comprehensive analysis of the global energy system, examining the impact of geopolitical tensions, market instability, and economic and energy use changes on meeting increasing energy demands.
Podcast Spotlight
Bloomberg speaks with the founder of Radiant Energy Group to discuss the state of the nuclear industry.
Within Our Network
Congratulations to Terrasos for receiving the “Best Crediting Innovation (Non-carbon)" award from Environmental Finance!
Stat of the Week
Energy per capita in 2022, according to Our World In Data.
