Monday Memo: USAID and Cuba – Mexican Energy – U.S. Immigration – Argentine peso – Bridge in Colombia
This week’s top stories: USAID is accused of running a secret program in Cuba; Mexican energy reform passes in the lower house; U.S. Republicans pass immigration bills before recess; the value of the Argentine peso drops over debt woes; a bridge in Montería, Colombia collapses. USAID and Cuba: In a statement this morning, the United … Read more
Fresh Look Reviews
Fresh, unique perspectives on recent books from across the hemisphere originally published in English, Spanish and Portuguese.
Oil Sparks in the Amazon: Local Conflicts, Indigenous Populations, and Natural Resources by Patricia I. Vásquez
Since the early 1990s, the rising price of crude oil and other key natural resources—and the resulting drive by governments and private companies to extract those resources—has led to sharp conflicts in Latin America. At the core of these disputes is the clash between national economic interest and the rights of Indigenous people inhabiting the … Read more
Monday Memo: BRICS Summit – Argentina and Russia – U.S. Immigration – FARC and Colombian Peace – World Cup Riots
This week’s likely top stories: BRICS leaders meet in Brazil; Argentina and Russia sign energy agreements; U.S. considers action on child immigrants; Colombian forces strike FARC; Argentine soccer fans riot. BRICS leaders to launch new bank at summit: Leaders from Brazil, Russia, India, China, and South Africa will convene in Fortaleza, Brazil for the sixth … Read more
HidroAysén and Chile’s Energy Agenda
On June 10, 2014, a ministerial commission in Chile rejected the HidroAysén project, an $8 billion joint venture of the Spanish company Endesa, S.A. (51 percent), which is a subsidiary of Italy’s Enel, and the Chilean company Colbún S.A. (49 percent). Recently-inaugurated President Michelle Bachelet had stated that she would not support the project, and … Read more
Chilean Government Rejects HidroAysén Dam Project in Patagonia
After a three hour meeting on Tuesday, a committee of five ministers in Michelle Bachelet’s cabinet has rejected the HidroAysén project–a hydroelectric plan to build five dams in two rivers in Patagonia that would have generated 2,750-megawatts of energy and increased power generation in Chile by 10 percent. The project, backed by the companies Endesa … Read more
Additional Reforms Needed in Colombian Mining Sector
Exportation in Colombia has been, and remains, a significant driving factor for large-scale mineral exploration, extraction and production by multinational corporations. According to the Banco de la República, the Colombian mining sector contributed to a record high proportion of the country’s total exports in 2011 and 2012, at 71 percent. Fossil fuels especially constituted an … Read more
Peña Nieto Proposes New Energy Rules
Mexican President Enrique Peña Nieto proposed new rules yesterday aimed at increasing oil production and boosting the economy. The proposed legislation includes the creation of eight new laws and the modification of 13 existing laws. Mexican Secretary of Tax, Luis Videgaray, and Secretary of Energy, Pedro Joaquín Coldwell, have said that, with the exception of … Read more
Argentina to Pay Repsol for YPF Nationalization
The lower house of Argentina’s congress agreed to pay Spanish oil company Repsol $5 billion in bonds in compensation for its expropriation of the company’s 51 percent share of Argentine oil company Yacimientos Petrolíferos Fiscales (Treasury Petroleum Fields—YPF). After YPF was nationalized in 2012, Repsol’s share in the company was seized and reduced to 12 … Read more
Monday Memo: Valparaíso Fires – Fabius in Cuba – Las Bambas Mine – Venezuela – Drummond Shipwreck
This week’s likely top stories: a deadly fire ravages Valparaíso, Chile; French Foreign Minister Laurent Fabius visits Cuba; Glencore sells Las Bambas mine to Chinese consortium; Venezuela investigates abuses during protests; a shipwreck spills fuel off the coast of Colombia. Fire in Valparaiso, Chile: At least 12 people have died in a disastrous fire in … Read more
Colombian Oil: Scraping the Bottom of the Barrel
With production rates continuing at their current level Colombia will run out of oil within 6.9 years unless new, major oil fields are found. As of 2013, the country had 2.3 billion barrels of proven crude oil reserves, ranking fifth after Venezuela, Brazil, Ecuador, and Argentina in total reserves in South America. Most of these reserves … Read more
Round Zero and the Mexican Energy Sector
Monday marked the conclusion of “Round Zero,” a yardstick in a process initiated as part of the Mexican energy reforms. During Round Zero, Petróleos Mexicanos (Pemex), the Mexican state oil company, sent regulators a list of which fields it wants to keep for its own development. Pemex currently owns and operates all oil and gas … Read more
North American Energy Integration and the NALS
The three North American leaders—Canadian Prime Minister Stephen Harper, Mexican President Enrique Peña Nieto and U.S. President Barack Obama—will meet today in Toluca, Mexico. Obama’s agenda is set to focus on trade, education, border security, and drug trafficking. Yet the elephant in the room is the Keystone XL pipeline, whose approval by the United States … Read more
Monday Memo: Turf Battle in Michoacán — Venezuelan Media — Manaus Stadium Death — Keystone Pipeline — Guatemala Massacre
Knights Templar and Vigilante Groups Clash in Apatzingan, Michoacán: Vigilante self-defense groups drove into the town of Apatzingan, Michoacán on Saturday, bolstered by support from local police and army personnel. The town, previously a command center for the Knights Templar drug cartel, has been caught in a bloody battle since the self-defense groups launched an … Read more
Approving the Keystone Pipeline Project
If there is one issue that has pitted the Canadian government against a U.S. administration in recent years, it has been the Keystone Pipeline XL project. The project is meant to transport crude oil from the Alberta oil sands to the Gulf of Mexico. Final approval of the trans-border pipeline rests with President Obama. It … Read more
