Wednesday, 23 April 2025

Central and South America

FILE PHOTO: People stand near the full-scale prototype of electric vertical take-off and landing (eVTOL) aircraft developed by Eve Air Mobility, an Embraer group company, as it is presented for the first time in Gaviao Peixoto, Brazil July 3, 2024. REUTERS/Amanda Perobelli/File Photo
AviationBusinessElectric Vehicles (EVs)NewsTransport

Embraer’s Eve gets $50 million Citi loan to fund ‘flying car’ development

Eve secures a $50 million Citibank loan, boosting funds for its eVTOL 'flying car' development and 2026 launch plans.

FILE PHOTO: Chile's environment minister Maisa Rojas talks during an interview with Reuters in Santiago, Chile  May 12, 2022. Picture taken May 12, 2022. REUTERS/Rodrigo Garrido/File Photo
BiodiversityClimate FinanceEmissionsEmissions MarketsEnvironmentFinanceNews

Chile govt readying bond to incentivize future conservation

Chile has created a new bond to ensure long-term conservation commitments, linking financial penalties to environmental goals, said Environment Minister Maisa Rojas.

FILE PHOTO: The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS/Washington Alves/File Photo
BusinessCritical MineralsMineralsMiningNews

Brazil’s Vale taps Marcelo Bacci as new CFO

Vale, the largest producer of iron or and nickel in the world, has appointed its new Chief Financial Officer.

Cancer patient Linda Vidal, who relies on an electricity-powered oxygen concentrator to breathe properly, waits as Gabriela rolls her concentrator out of an elevator, amid the electricity cuts of up to 14 hours a day to deal with a severe drought, in Quito, Ecuador, Thursday, Oct. 24, 2024. The drought is causing blackouts because of Ecuador's heavy reliance on hydroelectric power.(AP Photo/Dolores Ochoa)
ElectricityHydropowerNewsWeather

In Ecuador, power-dependent patients wait in anguish as the government imposes hours-long blackouts

A long dry season in Ecuador has seriously undermined the country's hydroelectric power generation, leading to blackouts.

The dam collapse triggered a giant mudslide that swamped villages, rivers and rainforest, killing 19 people (AFP)
BusinessCourtsCritical MineralsEnvironmentIndigenousMiningNews

BHP, Vale agree to pay $30bn compensation for Brazil dam disaster

BHP, Vale sign $30 billion deal with Brazil for 2015 dam collapse compensation, covering environmental damage and victim support.

FILE - Smoke from wildfires fills the air in Manaus, Amazonas state, Brazil, Aug. 27, 2024. (AP Photo/Edmar Barros, File)
ClimateEnvironmentNews

Criminals may be leveraging climate change as record acreage burns in Brazil’s Amazon

A surge in fires in the Amazon may be the result of lawbreakers starting fires to create more land for pastures.

FILE PHOTO: The logo of Vale SA is pictured in Rio de Janeiro, Brazil, August 7, 2017. Picture taken August 7, 2017. REUTERS/Ricardo Moraes/File Photo
BusinessCritical MineralsEconomyFinanceMiningNews

Vale’s third-quarter profit falls 15% on dam collapse provisions, lower ore prices

Vale's profit fell 15 per cent to $2.41 billion, beating estimates, as lower iron ore prices and Mariana dam provisions weighed on results.

A wildlife ranger looks through binoculars at the El Gran Sabalo Indigenous Reservation in southwest Colombia (AFP)
AnalysisBiodiversityClimateEnvironmentIndigenousPolitics

Colombia’s Awa people resist violence, maintain ‘spiritual bond’ with nature

Colombia's Awa people face armed threats while protecting their rainforest home, emphasizing a deep spiritual bond with nature.

FILE PHOTO: A man works on a pole to restore electricity after a storm knocked down power cables in Sao Paulo, Brazil November 6, 2023. REUTERS/Carla Carniel/File Photo
BusinessEconomyElectricityEnvironmentNews

Brazil inflation picks up in mid-October with higher electricity costs

Inflation in Brazil rose due to higher electricity costs, driving up consumer prices in Latin America's largest economy.

FILE PHOTO: A drone view of smoke from burning vegetation rising in a rainforest at the municipality of Bonfim, state of Roraima, Brazil February 28, 2024. REUTERS/Bruno Kelly/File Photo
AgricultureBiodiversityBusinessClimateCritical MineralsEnvironmentGreen SteelHydrogenIndigenousIndustryNews

Brazil launches platform to attract foreign investment for climate and ecological projects

Brazil launched a $10.8B platform at IMF meetings to fund green projects, targeting energy, industry, and nature solutions.

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