Latin America increasingly falling behind worldwide transition to clean energy

The region’s imports of motor fuels, natural gas, fuel oil and diesel for power generation have risen consistently, interrupted only by the coronavirus pandemic that sapped fuel demand worldwide.

RIO DE JANEIRO, BRAZIL - As oil majors and developed nations push for a faster transition to clean energy, much of Latin America is struggling just to cover its basic supply needs for fossil fuels, which is forcing some countries to actually rely more on dirty energy sources.

Experts speaking at this year’s all-virtual CERAWeek conference said a portion of Latin America could fall behind in the energy transition due to outdated policies and resource nationalism in nations like Venezuela and Mexico, combined with an urgent need for cheap imported fuel.

“In this moment, when the energy transition is . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?