Tag: south america

Tax avoidance: the damage done

https://commons.wikimedia.org/w/index.php?curid=38390766

A worker from Peru’s state-run oil company tries to hammer a piece of wood into a gaping hole in the country’s northern pipeline. He fails. Repeatedly. The oil continues to gush with alarming speed and force. Dead fish float belly-up in the black slime.

By the time the spills were stopped this August, over 4,000 barrels of oil had poured into a tributary of the Peruvian Amazon – source of a fifth of our planet’s fresh water. Dozens of indigenous villages were left without drinking water and children were covered in angry rashes.

Leonardo Tello, director of a local radio station, produced a report illustrating these horrific images. He is angry, frustrated and heart-broken. Over the past 19 years the government has registered 190 spills, most affecting the Amazon rainforest.

Energy transition in Latin America

Latin America is increasingly exploiting its renewable energy potential. New wind and solar projects are under construction across the region thanks to partnerships with Chinese energy companies.

Thanks to Chinese energy companies, Latin America is increasingly exploiting its renewable energy potential as historic laggards like Argentina get on board with the region’s energy transition. New wind and solar projects are under construction across the region as partnerships with Chinese deliver affordable finance and materials to local governments and businesses.