Perspectives on Remittance Flows in 2025

LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

March 3, 2023

How Well Can the Amazon Fund Tackle Deforestation?

Halting deforestation was a pillar of Brazilian President Luiz Inácio Lula da Silva’s candidacy. In a summit in Washington last month, the United States offered $50 million to Brazil for environmental cooperation. // File Photo: Brazilian Government.

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William Nichols, head of Climate and Resilience at Verisk Maplecroft: “That reviving the Amazon fund was among Lula’s first orders of business really highlights the importance he’s placing on it. Reassuring the wider world that he means business in terms of restoring Brazil’s environmental credentials will play well among the investment, for which the ‘E’ in ‘ESG’ looms especially large. The United States joining the scheme marks a ringing endorsement of Lula and certainly signals closer cooperation between Washington and Brasília, given that both Biden and Lula have strong climate policy agendas. However, the United States’ $50 million pledge probably does more to lend credence to Lula’s regime as one the West can do business with than change the situation dramatically on the ground. In fact, a lot of this new funding is likely to go…”

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Colombia’s second-largest city, Medellín, is seeking to freeze household utility bills charged by Empresas Públicas, which provides energy, water, gas and telecommunications services.
Ecuador Declares Force Majeure for Oil Industry
Ecuador declared force majeure for the country’s oil industry after a bridge collapse forced the closure of crude and gas pipelines.
Brazilian Gov’t Resumes Fuel Tax Collection
Brazil’s government resumed collecting taxes on fuel this month, a move pushed by Finance Minister Fernando Haddad. Then-President Jair Bolsonaro suspended the tax collection last year ahead of the country’s presidential election, which he lost. // File Photo: Brazilian Government.

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A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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