Latin America
Bolivia’s addiction to natural gas has taken it to the brink, and now the Andean nation is struggling with a dramatic collapse in production and exports.
Sempra Infrastructure terminated a deal to develop the Vista Pacifico project. The decision is a blow to the prospect of developing large-scale LNG exports on Mexico’s Pacific Coast.
The small floating Argentina LNG project is moving forward. But progress has stalled on a much larger gas export terminal at a time when the window of opportunity is closing.
The Trump administration has vowed to control Venezuelan oil for years to come, but reviving the sector will be difficult. Meanwhile, aggressive American foreign policy may backfire.
Analysis
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In spite of a lodging crisis, repeated water shortages and a fire, COP30 came to an end on Saturday after two weeks of negotiations.
The UN talks ended on a weak note, with no agreement to phase out fossil fuels but rather plans for a roadmap outside of the COP30 process.
Divisions over a roadmap to transition away from fossil fuels are still holding up progress as the COP30 climate talks approach their finale.
Methane emissions are rising, but the outlook is improving, said a new report launched by the UN Environment Programme at COP30.
Fossil fuel phase-out has been a heated issue at the UN talks since a landmark resolution made two years ago in Dubai, and COP30 is no different.
Realizada antes da COP30, Cúpula dos Líderes aponta para combustíveis fósseis, florestas e financiamento como prioridades para a conferência.
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A group of leading philanthropic organisations announced at COP30 that it would commit an initial $300mn to tackling climate and health.
COP30, which began yesterday in the heart of the Amazon, must “hit the accelerator for people, prosperity, and the planet,” stressed the UN’s Simon Stiell at the opening.
Mexico had hoped that it could one day become the 4th largest LNG exporter in the world. But delays at several Mexico LNG projects put that vision in doubt.
Long Reads
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Big LNG plans on Mexico's Pacific Coast could make it the fourth-largest exporter but would worsen climate change and damage one of the world’s most biologically diverse marine environments.
A series of LNG projects proposed for Mexico’s Pacific Coast would turn the country into a major LNG exporter. But violence from drug cartels, political risk, and mounting costs could keep projects from moving forward.