The hydrocarbons sector is at a turning point. Low prices and uncertain projections, competition for market share, geopolitical dynamics, growing environmental and social concerns, and questions about the future of fossil fuel and renewable energy sources necessitate analysis and discussion about the present and future of the industry and the challenges…
Conflicts over energy and natural resources are leading to social turmoil and posing serious challenges for investment projects all over Latin America. To better manage such conflicts, Latin American governments must step up their involvement in the consultation process and communicate more effectively with local communities about potential social, environmental and economic impacts, according to a new report by the Inter-American Dialogue.
Unless resource nationalism can be made compatible with providing incentives for significant foreign participation, it may be too early to start trumpeting a bonanza for Latin America.
