What Can Energy Firms Do to Fight Climate Change?
Energy Partner Carlos Ochoa was interviewed for the Inter-American Dialogue's weekly publication, Energy Advisor, about what energy firms can do to fight climate change. Climate Action 100+, an international investor-led initiative to curb greenhouse gas emissions, said it is looking to set up talks with Mexican state oil company Pemex. Mr. Ochoa discusses how environmental, social and governance initiatives like this one are likely to change the way Latin America and the Caribbean’s energy sector operates and how much sway private-sector investors will have with state-run energy companies.
“Mexico is trying to implement energy regulation to increase the role of Pemex and CFE in gas and power markets. While some projects are still in development, the government could consider development with help of those funds, which could imply advancing a greener agenda. If that happens, energy firms in the region will have to be ready for regulatory changes to come in the short and mid-terms. Firms must change their strategy to prioritize projects that could develop (as much as possible) integrated projects for regions and/or alliances with local governments that are in need of securing energy for developing business and industrial activities in their municipalities," said Mr. Ochoa.
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