Press Mentions

The Trump administration before and the Biden administration over the past year has criticized both in private conversations and in public the direction that things are going on energy policy. And [López Obrador] is only digging his heels in further and further consolidating this policy.

In Latin America as a whole, not nearly enough progress has been made in cutting emissions ahead of the Glasgow conference.

Aunque la producción [de crudo en Colombia] no es muy alta en comparativa global, las exportaciones petroleras son clave para su economía: es una de sus principales fuentes de divisas y es fundamental para el tipo de cambio del peso colombiano.

Para Venezuela, que en este momento no está produciendo crudo ligero, [el acuerdo con Irán] es un negocio excelente porque reciben lo que necesitan, y les da la posibilidad de producir más, de aumentar sus exportaciones.

Argentina is concerned about climate change, but they don’t see it primarily as their responsibility.

Brasil es el más beneficiado de la Organización de Países Exportadores de Petróleo [por la subida de los precios de petróleo]. Exporta mucho, sobre todo a China, y las ventas se han mantenido en niveles altos incluso en los peores momentos de la pandemia.

[Increasing droughts in South America are] an escalating problem, and the fact that we’re seeing more and more of these events, and more extreme events, is not a coincidence. It’s definitely because we’re seeing the effects of climate change.  

[The Biden administration] is reluctant to make a change [to sanctions policy in Venezuela] that could really backfire politically.

Cuando [PDVSA] no encuentra mercados, en lugar de dejar de producir [petróleo] trata de usar la máxima cantidad de inventario posible, entonces también puede exportar más en un mes porque tiene petróleo de sobra en almacenamiento que está esperando para ser exportado.

Por un lado, se necesitarán grandes cantidades de capital para poner en marcha sistemas de energía con bajas emisiones de carbono. Los gobiernos [de América Latina] se enfrentan a una crisis fiscal debido a la dificultad económica resultante del Covid-19, y la inversión privada se ve obstaculizada por el alto grado de riesgo político. 

I definitely expect to see growth in electric car and bus markets, as well as two-wheelers in Latin America in the coming years. Some governments in the region have very good electric transport strategies but other countries need to strengthen their broad strategy as well as specific regulations.

I don’t think anyone knew exactly how active Canada was [in energy and mining] in the Amazon [prior to the publication of our database].

Most companies are aware of all the problems with the policies [favoring the state-owned Federal Electricity Commission (CFE) over private sector renewable energy] and are not going to take the risk of building a new plant in Mexico.

The United States wanted to use the summit to get countries to make more ambitious [climate] pledges. The United States itself made a very ambitious pledge. Some of the other Latin American countries did too, but Mexico did not propose anything serious.

"The [Mexican] president’s goal is to 'return their monopolies' by bringing the energy sector under state control — even if that means promoting dirtier fossil fuels and contributing more carbon emissions."