Since 2016, the Inter-American Development Bank (IDB) has been working to promote better mining sector governance through its Canadian Extractive Sector Facility (CANEF), a trust fund financed by Global Affairs Canada. This project closed operations in 2022, after channeling CAD 20 million towards various initiatives aimed at enhancing and fostering accountability, gender … [Read more...] about Better lives, better climate: Latin America and its minerals
Carlos Sucre
Carlos G. Sucre is an extractive sector specialist at the Mining, Geothermal Energy and Hydrocarbons Cluster of the Infrastructure and Energy Sector at the IDB. At the IDB, his work has focused on the mining and hydrocarbons sector, covering mostly Colombia, Ecuador, Guyana, Panama and Venezuela. He is also an adjunct professor of energy security at the Edmund A. Walsh School of Foreign Service at Georgetown University. He holds a master’s degree in international political economy from George Washington University and a double bachelor’s degree in economics and political science from the University of Chicago.
Six reasons why supporting natural gas can put public finances at risk
At the climate summit in Glasgow, UN Secretary-General António Guterres had a blunt message: “The six years since the Paris Climate Agreement have been the six hottest years on record. Our addiction to fossil fuels is pushing humanity to the brink”. To stand a chance of limiting global warming to 1.5°C, the goal that international leaders have set to keep the climate crisis … [Read more...] about Six reasons why supporting natural gas can put public finances at risk
An Illness in the Oil Market: the price crash and its impact in Latin America and the Caribbean
In March 2020, oil prices crashed by around 60% from their previous six-month high, with Brent oil – the international benchmark – falling US$22.74 per barrel on March 31st, its lowest daily level since 2002. From December 2019 to February 2020, oil demand in China fell by around 2 million barrels per day (mbd) because of the rapid propagation of the novel coronavirus. The … [Read more...] about An Illness in the Oil Market: the price crash and its impact in Latin America and the Caribbean
Latin America in the New Oil Market
For more than a century, Latin America has been an essential part of the global petroleum market. It fueled the Allied powers during World War II and served as a reliable source of oil to the growing economies of the now-industrialized world. It served as a laboratory for oil governance structures, as a testing ground for technology, and as a stage for discussions on resource … [Read more...] about Latin America in the New Oil Market
A New Model for the Oil Market
The dramatic drop in the price of crude oil from around 100 dollars per barrel ($/b) in June 2014 to just over 30 $/b today has produced a wealth of commentary and analyses. Some have focused on the impact that such a steep decline will have on oil exporters, others have discussed the potential benefits to consumers, and there have also been good discussions on fiscal and … [Read more...] about A New Model for the Oil Market