Shell and BP led the way in fossil asset divestments, according to data from the United Nations Conference on Trade and Development (UNCTAD). Driven by climate objectives, reputational risks and financial considerations, major multinational energy companies have committed to prioritize decarbonization strategies and reduce their dependence on fossil
The top investors in electric vehicles and batteries (combined) include all major car manufacturers, with Tesla (United States) leading the way, followed by BMW (Germany), Hyundai (Republic of Korea), Toyota (Japan) and Volkswagen (Germany). Furthermore, according to the United Nations Conference on Trade and Development (UNCTAD), the top
Pemex imported 419,000 barrels of gasoline per day, which represented 52.3% of total gasoline demand in Mexico during 2022. For 2023, Pemex’s priority is to continue strengthening the operating performance of the National Refining System rehabilitation program to increase the processing and production levels of high-value products (gasoline,
Newmont, Fresnillo plc and Gatos Silver dominate silver production in Mexico, according to information from the Mexican Chamber of Mines (Camimex). Above all, Newmont’s Peñasquito was the mine that produced the most silver in 2022, with 29.66 million ounces, followed by Fresnillo plc’s San Julián, with 14.25 million
Government policies and geopolitical events have accelerated the pace of adoption of solar energy solutions, enabling commercial and residential customers to transition to solar power at an accelerated rate, notes Tigo Energy. This company is a global leader in the development and manufacture of smart hardware and software
Nearshoring in Mexico (relocation) has gained relevance; its geographic position and strategic advantages present opportunities to gain market share from the reorganization of world trade, mainly imports from the United States, highlighted The Mexico Fund. The first signs of nearshoring are taking place; new investments have been announced,