LATAM POLITICS TODAY-Latin American leaders speak to U.N. on war, climate, drugs
Exxon boosts Guyana oil output but undecided on future auction bid, source says HOUSTON - U.S. oil major Exxon Mobil is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as it ramps up production faster than expected and the South American country wrestles with fixing terms.
The latest in Latin American politics today: Latin American leaders speak to U.N. on war, climate, drugs
Presidents from Brazil, Chile and Colombia helped kick off the United Nations General Assembly in New York with speeches concerning peace, democracy and the environment. Brazilian President Jair Bolsonaro, going first, called for an immediate ceasefire in Ukraine, while criticizing sanctions against Russia over the invasion.
Colombian President Gustavo Petro called on Latin American countries to join forces to end the "irrational war on drugs," while also criticizing a global addiction to oil and coal and adding that efforts to stop global warming were not working. Chilean President Gabriel Boric called for greater cooperation toward fighting climate change and defending democracy, while reiterating his pledge for a new constitution after voters rejected a proposed charter earlier this month.
Over 200 buildings damaged in Mexico quake that killed two MEXICO CITY - A major earthquake that killed two people in Mexico on Monday also damaged more than 200 buildings and injured 10 people, according to Laura Velazquez, the head of Mexico's civil protection agency.
The magnitude 7.6 quake struck in western Mexico and most of the damage was concentrated in the states of Colima and Michoacan. Puerto Rico power grid no match for Fiona; residents unsurprised
SAN JUAN - Some 80% of homes and businesses in Puerto Rico still lacked power on Tuesday as rains from Hurricane Fiona receded, with residents complaining that the island's troubled electrical grid is still a mess despite billions of dollars in funding to improve it. Puerto Rico's grid has long been criticized as unreliable, but residents and consultants have complained that outages have become more frequent since provider LUMA Energy took over operations last year.
Fiona slammed into Turks and Caicos Islands on Tuesday as a powerful Category 3 storm. Exxon boosts Guyana oil output but undecided on future auction bid, source says
HOUSTON - U.S. oil major Exxon Mobil is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as it ramps up production faster than expected and the South American country wrestles with fixing terms. An Exxon-led consortium which discovered oil off Guyana's coast launched production in 2019 and now controls all output in the nation, turning Guyana into an emerging oil power.
But Guyana, which lacks the financial power to develop its natural resources by itself, has struggled to decide how to distribute oil properties outside of Exxon's blocks. It has postponed a possible auction initially targeted for this month to late this year. Brazilian firms tap investors in New York for help as Amazon burns
NEW YORK - Numerous private Brazilian companies trying to slow the destruction of the Amazon rainforest are using a large climate conference in New York this week to lure investors to support preservation plans. An area of the Amazon roughly the size of the island of Puerto Rico was destroyed between January and August this year, according to deforestation tracking nongovernmental organization Imazon, the most in 15 years.
President Jair Bolsonaro, who is trailing former President Luiz Inacio Lula da Silva ahead of an Oct. 2 vote, has been heavily criticized for relaxing enforcement of environmental laws. (Compiled by Sarah Morland; editing by Jonathan Oatis)
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