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CNN Dinero, December 10, 2014 In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) released information regarding their 2015 forecast demand for their group’s oil.  For 2015 the demand will drop to 28.92 million barrels per day, that is 280,000 bpd less than previously forecast. Our very own Jorge Piñon spoke with…

Latam countries launch plan to store carbon, fight global warming

On Sunday, eight Latin American countries announced an initiative to cut emissions that cause global warming. The initiative involves restoration of 20 million hectares of forest and farmland in order to use the land to store carbon in natural vegetation. The eight countries involved are Argentina, Columbia, Chile, Costa Rica, Ecuador, Guatemala, Mexico and Peru….

China-Latin alliance could set tone for Lima climate summit

At the current U.N. summit in Lima, Peru, negotiations are underway to produce a new draft climate agreement that will be finalized in Paris next year. All countries involved are expected to put forward national contributions to the effort, including a reduction in greenhouse gas emissions. by Guy Edwards and Sophie Purdom, RTCC, December 5, 2014…

An Ailing Venezuela Trims Oil Diplomacy

An Ailing Venezuela Trims Oil Diplomacy

As Venezuela struggles with dropping crude prices, Caribbean and Central American countries are preparing for cutbacks in shipments of oil from the country. 13 beneficiaries of Venezuela, called Petrocaribe, have depended on Venezuela’s oil for the past decade. In return, they provide the country with diplomatic support on the international stage. by Ezequiel Minaya, The Wall…

Bolivia Confirms Meeting of G77 Energy Ministers for Late November

On November 28-29, ministers of energy and hydrocarbon of several countries in the G77, plus China, will meet in Tarija to analyze development challenges in the sector and the management of natural resources. So far, 20 ministers from Latin America, Asia and Africa are expected to attend the Bolivia gathering, by Latin American Herald Tribune,…

Enel Looks To Distribution, Renewables For Latin American Growth

Enel SpA, Italian utility, wants to focus on electricity distribution and renewable energy as it increases its investment in Latin America’s growing markets. The group has slowly been shifting attention away from Italy and Spain as it focuses on Latin America’s emerging markets and their abundant resources. by Rosalba O’Brien and Antonio De la Jara, Business…

Japanese company to help region ‘save energy and save money’

The director general of Latin America and the Caribbean department at JICA, Takano Takeshi, says that projects are being developed  to co-finance renewable energy and energy efficiency initiatives. The projects are being financed by the Caribbean Development Bank, Inter-American Development Bank and JICA. by Richard Lord, Trinidad and Tobago Guardian, November 14, 2014 Takano Takeshi, director general…

Protection urged for mobile marine habitat

Protection urged for mobile marine habitat

It was decided at the 12th meeting on the United Nations Convention on Biological Diversity that the Costa Rican Thermal Convection Dome would be named an Ecologically and Biologically Significant Area. The area is a cold, nutrient-rich water moves along the coast of Central America into the seas of the Pacific. The area nurtures species…

Offshore E&P activities ramping up in Latin America

Latin American nations are ramping up offshore exploration, development, and production activities. This increase is largely due to discovery of new reserves in Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Peru, and Venezuela. The economic future of these countries is dependent on their under-explored hydrocarbon region. by Robin Dupre, Offshore Magazine, October 29, 2014 Offshore exploration, development,…

Climatescope 2014 – Global study shows clean energy activity surges in developing world

According to a Climatescop 2014 report, developing nations represent a large and rapidly growing share of the world’s clean energy investment. The findings of the report show that clean energy capacity in 55 emerging markets in Africa, Asia and Latin America and the Caribbean are growing at a faster pace than in developed countries. by…

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