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Renewables Key to Energy Security Amid Global Volatility
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The Secretary of Energy, Luz Elena González Escobar, met this Wednesday with the Ambassador of the United States of America to Mexico, Ronald Johnson, with whom she discussed the potential for cooperation between the two nations to promote development and energy security in the region, the federal dependence reported. Mexico’s exports of crude oil and refined products to the American Union totaled 454 thousand barrels per day (mbd) on average in…
Pemex has begun to design an energy transition strategy, although it still lacks concrete projects. Mexico remains highly dependent on fossil fuels, making it vulnerable to both international price volatility and energy security risks. In this context, the company published on Tuesday an article in which it warns that “energy runs the risk of becoming a critical point for the security of modern societies,” and raises the urgency of diversifying …
Renewables Key to Energy Security Amid Global Volatility
The global energy sector’s current volatility, marked by escalating prices for oil, natural gas, and other fossil fuels, underscores the urgent need for countries to transition towards renewable energy sources. This shift not only promises to mitigate the risks associated with price and supply chain instability but also plays a crucial role in ensuring long-term energy security. Companies such as SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (F…
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