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all-virtual CERAWeek conference said a portion of Latin America could fall behind in the energy transition due to outdated policies and resource nationalism in nations like Venezuela and Mexico, combined with an urgent need for cheap imported fuel.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