Year: 2021

EDITORIAL: As inflation continues to be the single most persistently worrisome indicator for the general public third year running the economic team’s insistence, supported by the Prime Minister, that it is due entirely to the mafia (read collusive behaviour across most sectors of the economy including industrialists/wholesalers/ retailers/aarthis) and not due to its own fiscal and monetary policies is baffling. This approach implies that the government’s focus is on administrative measures rather than on modifying its own policies appropriately. The government’s budget deficits, a highly inflationary policy, for the past…

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Interest from Asian buyers in liquefied natural gas (LNG) exports from Mexico’s Pacific Coast has reached a full-blown frenzy amid soaring natural gas prices and demand, according to Mexico Pacific Limited LLC (MPL) CEO Doug Shanda. Shanda spoke with NGI’s Mexico GPI about the firm’s LNG export terminal planned for Puerto Libertad in Sonora state. “We saw a lot of interest at the end of last year,” Shanda said, but “this year, it’s just been incredible.” [Get in the know. Access to pipelines, processing plants and LNG facilities is imperative…

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The vast majority of the world’s fossil fuels are effectively “unextractable” and must remain in the ground if we want even half a chance at meeting our climate goals, according to a new study. For nations like Indonesia and Australia, the world’s leading exporters in coal, that will require abandoning 95 percent of their natural deposits come 2050, researchers at University College London have calculated. In that same time frame, Middle Eastern nations will have to leave all their coal reserves in the ground and the United States will have…

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Global mean surface temperatures reached 1.2°C above the pre-industrial average in 2020, and the Intergovernmental Panel on Climate Change warned in its recent report that Earth could hit 1.5°C in as little as a decade. The 0.3°C separating these two temperatures make a world of difference. Scientists believe that stabilising our warming world’s temperature at 1.5°C could help avoid the most serious effects of climate change. Fossil fuels such as coal, oil and natural gas are the source of just over 80% of the world’s energy. Burning them accounts for…

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