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Economic, political, and fiscal realities have shifted energy policy priorities across the globe toward the goals of affordability and competitiveness.
Hear in-depth conversations with the world’s top energy and climate leaders from government, business, academia, and civil society.
Trade tensions between the US and China have hit a new high mark. Last week, after China announced plans to ratchet up its export controls of some rare-earths...
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The growth of green industrial policy in major economies is creating friction between climate and trade. If allowed to escalate, these frictions may disrupt climate action and undermine...
Past Event
April 21, 2021
10:00 am - 11:30 am utc
Latin America’s state-owned oil and gas sector is facing unprecedented challenges caused by the economic impact of the COVID-19 pandemic, the resulting collapse in commodity prices and crude oil demand, as well as related financial and political pressures. These conditions, in addition to persistent administrative challenges and long-term debt liabilities, have caused Petróleos de Venezuela (PDVSA) production to drop to the lowest levels per citizen since the 1920s in Venezuela, which has the world’s largest proven crude reserves. Political upheaval has also impacted Petroecuador, Pemex, and YPF, although the latter has announced plans to invest $1.5 billion to ramp up the output of shale gas field Vaca Muerta.
The latest decision by President Jair Bolsonaro to replace Petrobras CEO Roberto Castello Branco with a former army general with little experience in the oil industry harkens back to Brazil’s history of political meddling in fuel pricing. Colombia’s Ecopetrol stands out as a bright spot in the region. Among the reforms enacted over the last decade was the listing of 11% of the company’s shares, which provided an infusion of capital that helped the company enlist better managers. To boost reserves, it has teamed up with international oil majors to invest in fracking and in upstream activities in other countries.
Columbia University’s Center on Global Energy Policy together with the Columbia Global Centers hosted a panel of exceptional policy experts to analyze the different economic, political, and social dynamics at play in the main oil and gas producing countries in Latin America.
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Panelists
The growth of green industrial policy in major economies is creating friction between climate and trade. If allowed to escalate, these frictions may disrupt climate action and undermine...
The Center on Global Energy Policy at Columbia University SIPA's Women in Energy initiative invites you to join us for an interactive workshop on professional relationship-building and networking....
The Center on Global Energy Policy at Columbia University SIPA's Women in Energy initiative invites Columbia University students to a roundtable discussion with Pam Brown, Managing Director at...
Join us for a virtual information session focused on career pathways at the United Nations.
Economic, political, and fiscal realities have shifted energy policy priorities across the globe toward the goals of affordability and competitiveness.
CGEP scholars reflect on some of the standout issues of the day during this year's Climate Week
