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SundayMarch 18, 2012

Latino Daily News: Bringing You the Latest Hispanic Current Events and News Stories 24/7

To reflect the dynamic interests of our audience, Latino Daily News is an online daily news source and virtual cultural center for and about Latinos. We offer the latest news headlines, as well as innovative and insightful Hispanic current events stories, photos, videos, and commentaries from a Latino perspective, 24/7.

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Peace Activist Javier Sicilia to Deliver Letter Denouncing Violence in Mexico on Eve of Pope’s Visit

Poet and peace activist Javier Sicilia said he planned to deliver a letter denouncing the violence and corruption in Mexico to the Vatican on Thursday, a day before Pope Benedict XVI arrives in Mexico for a visit.

The aim of the trip to the Vatican is to get the pope to understand the suffering of the Mexican people, which is comparable to “the suffering and murdered body of Christ,” Sicilia, leader of the Movement for Peace with Justice and Dignity, said in a press conference Saturday.

The poet organized the peace movement after his 24-year-old son, Juan Francisco, and six other young men were murdered by the violent Pacifico Sur drug cartel in the central state of Morelos on March 27, 2011.

“We want the pope to know about the situation that Mexico is currently experiencing,” the poet said.

Sicilia is scheduled to meet with Bishop Mario Toso, who is secretary of the Pontifical Council for Justice and Peace.

Officials released the official agenda Saturday for the pope’s visit to Mexico.

Pope Benedict XVI is scheduled to arrive Friday in Leon, a city in the central state of Guanajuato, where he will be greeted by mariachis and folk dancers.

President Felipe Calderon plans to meet with the pontiff on Saturday.

The biggest public event during the pope’s visit is scheduled for next Sunday, when Benedict XVI will celebrate Mass in the city of Silao’s Guanajuato Bicentenario Park before some 700,000 people.

At least 5,700 federal and state law enforcement agents will provide security during Pope Benedict XVI’s visit, officials said last week.

Roads will be closed temporarily while the pope is being transported to the different cities he is scheduled to visit in Guanajuato.

Pope Benedict XVI is scheduled to stay at Leon’s Colegio Miraflores during his visit to Mexico.

Read more by HS News Staff →

Latino Mentors of America Preparing the Next Generation of Latinos to Succeed

Latino Mentors of America Preparing the Next Generation of Latinos to Succeed

Photo: Latino Mentors of America Program

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The Latino Mentors of America program, being implemented in San Diego, Los Angeles and Sacramento, creates a relationship between Hispanic professionals and high school students that prepares young people for their future in college and the workplace.

Rolando Moreno, an Escondido High graduate and former assistant soccer coach at the University of California, San Diego, founded the group in 1997 that today has close to 50 professionals including doctors and successful entrepreneurs.

Moreno, who has a law office, said that the need for the program became evident when he realized that even students with good credentials had trouble getting jobs.

“I saw they needed to develop skills in making contacts, and if that was true for students in majority groups, I knew that Hispanic students would need to even more,” he said.

Moreno said that he worked with university students for almost seven years before switching to high schools in 2002.

In 1992 Moreno began giving lectures on social skills to UCSD students, but when they told him that what he was teaching would have been worth a lot more if they had learned it in high school, he together with five other businessmen decided to found Latino Mentors.

“Today’s students have more contact with media, but they still ask things like…how many years does it take to graduate from college? What is college life like? How does a person adapt to that kind of life? Because among Latinos, for example, young women are not used to leaving their patriarchal surroundings and parents don’t want them going very far from home,” he said.

“Latino mentors meet with students from once a week to once a month, either one-on-one or in a classroom, and frequently keep in touch with them once they’ve entered university,” he said.

Since Hispanic students tend to lack role models, Moreno said, the presence of successful professionals on campus helps them shed the stereotypes, a particularly valuable benefit where the school’s staff has few Hispanic teachers.

“The mentors’ work varies by area. Schools in Los Angeles ask that they come once a week to an area designated by the school for the protection of students,” he said.

In Sacramento they only want lecturers in the schoolrooms and want them to concentrate on finding the kids scholarships, “since many students don’t think they’re qualified, but now there are many more scholarships available,” he said.

San Diego combines the two models, Moreno said, adding that to help interested students “we try to find mentors with flexible schedules, because mentors are volunteers who know their time is a valuable asset for students.”

Read more by HS News Staff →

7 Die in Accident in Santiago, Dominican Republic

7 Die in Accident in Santiago, Dominican Republic

Photo: Santiago, Dominican Republic Accident

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At least seven people were killed and one was seriously injured in a traffic accident early Sunday in Santiago, a city in the northern Dominican Republic, the National Police said.

Elias Samuel Peralta, 25, Carlos Argelis Reyes, 20, Josely Lino, 22, Tania Lino, no age given, Pamela Vargas, 14, Yaquiris Martinez, 21, and Antonio Manuel Lantigua, 55, died in the accident.

Angelina Carolina Peralta, 17, was seriously injured and is being treated at a hospital.

The victims were traveling in an SUV that spun out of control around 3:00 a.m. on Santiago’s 27 de Febrero avenue, police said.

The vehicle’s occupants had been at an entertainment center just before the accident occurred, police said.

The majority of the victims were from the northwestern border city of Dajabon and were going to school in Santiago.

Read more by HS News Staff →

JUST IN:  Romney Wins Puerto Rico Primary Trouncing Rick Santorum

JUST IN:  Romney Wins Puerto Rico Primary Trouncing Rick Santorum

Photo: Romney Wins Puerto Rico Primary

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Former Massachusetts Governor and Republican Presidential candidate Mitt Romney has apparently won the Puerto Rico primary.  Though residents of this territory cannot vote for a President in the general election they do have twenty delegates to give to a primary winner.

According to CNN Romney had 11,500 votes or 82% of the vote count way ahead of Rick Santorum who came in a distant second with 9% of the vote count.  The Governor of Puerto Rico, Luis Fortuño, had endorsed Romney early in the race and this was thought to have greatly helped Romney secure a clear victory.

Unfortunately for Santorum, he created quit a controversy when campaigning in Puerto Rico when announcing he would require English to be the official language before Puerto Rico could gain statehood.  Spanish and English are both the official languages of Puerto Rico.

Both CNN and AP projected Romney as the winner only three hours after the polls had closed. 

Read more by HS News Staff →

Foreign Investors Purchasing U.S. Homes

Foreign Investors Purchasing U.S. Homes

Photo: Foreign Real Estate Buyers on the Rise

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Although many foreign investment companies have shied away from investing in U.S. real estate as a result of the housing market crash, many individual foreign investors are jumping at the opportunity to get a good deal on a house in the U.S.  During a twelve month period beginning in March of 2010 and ending the following March of 2011, foreign clients bought $41 billion worth of real estate properties in the United States.  This total rises to $82 billion if the investors with visas are also included.  This number is up from $66 billion the year before. 

The demand for homes has steadily increased and as a result the National Realtors Association offers an international version of their home listing website, thus making it even more convenient for foreign investors to ‘house hunt’ while abroad.  “At a time when there are a lot of homes on the market and an overhang of distressed properties, an active foreign demand relieves these worries,” says Michael Fratantoni, vice president of research at the Mortgage Bankers Assn.

The popular destinations for many foreign investors, however, tend to lean towards the warmer regions of the country.  Four states in particular have seen an increase in international purchases.  Florida, California, Texas and Arizona are the top states in this category.  This data doesn’t come as a complete surprise as many people prefer warmer climates, especially if the property will be used specifically for vacations and holidays. 

Although purchases are occurring by buyers from all over the world, it may be surprising to hear that the highest percentage of international deals is Canadian.  International real estate purchases by investors from Canada represented ¼ of all deals.  Other popular countries are China at nine percent and India, Mexico, and Britain all at 7%.  The majority of these deals are also paid in cash.

Although in the past many would have been nervous about this growing trend of foreign investment in U.S. real estate.  However considering the current state of the U.S. housing market, many people are thankful for the interest.  As a result, some in Congress are hoping to entice more international customers by sweetening the deal.  Sens. Charles E. Schumer, a New York Democrat, and Mike Lee, a Utah Republican, have introduced legislation that would grant three-year visas to those who spend at least $500,000 in cash on at least one house.  Senator Schumer stated, “This is a way of letting them live here and solving our housing crisis.”

Read more by HS News Staff →

FARC Guerillas Kill 11 Soldiers at Colombia-Venezuela Border

FARC Guerillas Kill 11 Soldiers at Colombia-Venezuela Border

Photo: FARC Kills Again Colombia-Venezuela Border

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Revolutionary Armed Forces of Colombia, or FARC, guerrillas killed a non-commissioned officer and 10 other soldiers in Arauca, a province on the border with Venezuela, a military spokesman told Efe.

Two soldiers wounded in the attack were taken to San Vicente Hospital in Arauca city, the provincial capital.

The soldiers, who belonged to a unit assigned to protect oil industry infrastructure, were attacked around 4:30 p.m. Saturday in Tres Cruces, a town outside the city of Arauquita.

The attack was staged by the Drigelio Almarales company of the FARC‘s 10th Front, the army said.

The soldiers were killed just hours after the FARC said the previously announced release of 10 hostages was contingent on the government allowing members of Women of the World for Peace to visit imprisoned rebels.

“The only thing needed now is for President Juan Manuel Santos to allow the humanitarian visit sought by Women of the World for Peace to the political and prisoners of war in the country’s prisons,” the FARC said in a statement posted on its Web site.

“We are informing the Women of the World for Peace group coordinated by Piedad Cordoba and the Asfamipaz organization that we are ready to start the release process,” the FARC said.

The FARC statement contradicted the information provided earlier by Cordoba, a former senator who had assured the country that visits to imprisoned rebels would not be a condition for the hostages’ release.

Cordoba said the FARC statement boosted her confidence that the hostage release would take place as expected in April.

“We are sure that we are going to achieve it,” Cordoba told the press.

Vice President Angelino Garzon, meanwhile, said Sunday that the new conditions set by the FARC amounted to “torture” of the hostages’ relatives.

“This is a new demonstration of the torture by the guerrillas against the relatives and the kidnapped people,” Garzon told reporters during an appearance in the Caribbean resort city of Cartagena.

The FARC, Colombia’s oldest and largest leftist guerrilla group, was founded in 1964, has an estimated 8,000 fighters and operates across a large swath of this Andean nation.

The Colombian government has made fighting the FARC a top priority and has obtained billions in U.S. aid for counterinsurgency operations.

The FARC has suffered a series of setbacks in recent years at the hands of the Colombian security forces.

Alfonso Cano, the FARC’s top leader, was killed on Nov. 4 in a military and police operation that the government hailed as the biggest blow to the FARC in its nearly 50-year history.

Cano, a 63-year-old intellectual who had entered the ranks of the FARC 30 years ago, was killed in in a remote area of the southwestern province of Cauca a few hours after fleeing a bombardment.

The FARC also suffered a series of blows in 2008, with the biggest coming in July of that year, when the Colombian army rescued a group of high-profile rebel-held captives: former presidential candidate Ingrid Betancourt, U.S. military contractors Thomas Howes, Keith Stansell and Marc Gonsalves, and 11 other Colombian police officers and soldiers.

The FARC is on both the U.S. and EU lists of terrorist groups. Drug trafficking, extortion and kidnapping-for-ransom are the FARC’s main means of financing its operations.

Read more by HS News Staff →

Chevron Executives Barred from Leaving Brazil in Light of New Oil Leaks

Chevron Executives Barred from Leaving Brazil in Light of New Oil Leaks

Photo: Chevron Oil Spill in Brazil

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A Brazilian court has barred 17 executives of U.S. oil supermajor Chevron Corp. and Swiss-based offshore drilling contractor Transocean Ltd. from leaving the country in the wake of two recent oil leaks in the Atlantic Ocean, officials said Saturday.

Those executives, who will face criminal charges, include the CEO of Chevron’s Brazilian division, U.S. citizen George Buck, as well as four other Americans, two Frenchmen, three Australians, a Canadian, a Briton and five Brazilians.

Rio de Janeiro Federal Criminal Court Judge Vlamir Costa Magalhaes issued the order requiring the executives to hand over their passports to Brazil’s Federal Police and barring them from leaving the country without the court’s express permission, the official Agencia Brasil news agency reported.

The federal Attorney General’s Office said it will file criminal charges against the 17 executives next week for a leak last November at a well in the Frade field, operated by Chevron, and another crude leak in the same area this week.

Brazilian authorities said they detected a one-kilometer (0.6-mile) oil stain in the Atlantic Ocean on Saturday, two days after Chevron announced the latest ocean-floor seep.

The stain is located 130 kilometers (80 miles) off the coast of Rio de Janeiro state, in the vicinity of the Frade field, where oil had begun seeping out of fissures in the sea floor, according to a joint statement from the navy, the ANP oil regulator and environmental authorities.

The leak occurred about three kilometers (1.9 miles) from a Chevron well that had to be sealed last November after an oil leak at the same field.

According to the company’s calculations, that leak sent 2,400 barrels spewing into the ocean, although Brazilian authorities say they believe the amount was nearly 15,000 barrels.

Following that accident, Chevron acknowledged that the cracks in the ocean floor occurred because it miscalculated the pressure in the reservoir.

Authorities announced that they will hold a meeting at the start of next week to evaluate the environmental damage and coordinate response actions.

They also said they are working permanently in the area to verify the procedures Chevron is adopting to disperse the latest stain.

Brazilian authorities have imposed several fines on Chevron and the company also faces lawsuits seeking to ban it from operating in Brazil and force it to pay steep compensation for the November spill.

The ANP has barred Chevron from drilling new wells in Brazil until the investigation into the November spill has concluded.

Following the latest leak, Chevron announced that it would temporarily suspend field production operations at Frade, located in the Campos basin, where nearly 90 percent of Brazil’s oil and gas is extracted.

Chevron has been producing 61,500 barrels of crude per day at Frade, whose recoverable reserves are estimated at between 200-300 million barrels.

The San Ramon, California-based multinational is the operator of the field with a 51.74 percent stake, while Brazilian state-controlled energy giant Petrobras and Japan’s Frade Japao Petroleo have 30 percent and 18.26 percent interests, respectively.

Read more by HS News Staff →

Immigrant Protester, Uriel Alberto Still Facing Deportation

Immigrant Protester, Uriel Alberto Still Facing Deportation

Photo: Uriel Alberto still Faces Deportation

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Uriel Alberto, arrested on February 29th in Raleigh, North Carolina during a protest of U.S. immigration policies, has been released from prison, yet still faces possible deportation.  The 24 year old, although born in Mexico, has lived in the United States for the past 17 years.  After his arrest, the father of a toddler began a hunger strike in the Wake County jail as many online campaigns began to prevent his deportation. 

Although his recent release from prison and the immigration bond granted this week shows promise for the young father, he still will continue to fight his disorderly conduct charge as well as the possible deportation back to Mexico.  The disorderly conduct charge occurred during a meeting of the House Select Committee as North Carolina’s role in immigration policy was being discussed.  Uriel, along with two others, Estephania Mijangos and Cynthia Martinez all stood up during the meeting and announced that they were undocumented immigrants.  Alberto stated, “My name is Uriel Alberto.  I am undocumented and I am unafraid.  I refuse to be bullied and intimidated by this committee and choose to empower my community.”  All three were later transported to the Wake County jail; however only Alberto was held as he was the only of the three with a previous police record.

As a high school student, Alberto loved track and had dreams of continuing it in college.  Without a social security number he was unable to apply for financial aid and therefore unable to attend college.  Soon after, Alberto was convicted of speeding, driving while impaired as well as with a revoked license.  He was also convicted of throwing fruit at a moving vehicle.  Some of these past incidents could create difficulties as the court weighs his deportation case.  A judge in immigration court will typically consider whether or not the applicant has been in the country for ten years or more, if good moral character is evident, as well as if they have a child who is a U.S. citizen that would suffer from their deportation.  His disorderly conduct charge will be examined by judges in Wake County.

Last summer, President Obama, stated that he would put a higher priority on deporting immigrants with serious criminal records.  Deportations under Obama’s administration are almost 30 percent higher than the annual average during the second Bush administration term.  According to a poll by the Pew Hispanic Center based in Washington D.C., 59 percent of Latinos do not approve of Obama’s handling of deportations

Yet, President Obama is a strong supporter of the Dream Act and many advocates of this act are supporting Alberto.  According to some of his online supporters on Facebook and Twitter, “He took a brave stand for immigration rights, and now he may get deported for it.”

Read more at News Observer →

Narco Sub Pioneer Captured by Colombian Authorities

Narco Sub Pioneer Captured by Colombian Authorities

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The drug trafficker who pioneered the use of submarines to smuggle cocaine has been captured in southwestern Colombia, the National Police said.

Jose Samir Renteria, who is the subject of a U.S. extradition request, was arrested in Cali, the capital of Valle del Cauca province.

Renteria has links to the Revolutionary Armed Forces of Colombia, or FARC, guerrilla group and the Los Rastrojos gang, U.S. officials said.

The suspect got involved in the illegal drug trade in the mid-1980s, when he began smuggling cocaine into the United States using speedboats that operated out of Colombia’s Pacific coast.

Renteria became a partner of Neftali Umensa, one of the top leaders of the FARC’s 30th Front, who was killed by the army on Oct. 20.

U.S. investigators determined that Renteria also had contacts and did business with Mexico’s Sinaloa cartel, which is led by Joaquin “El Chapo” (Shorty) Guzman, considered the world’s most powerful drug trafficker.

Renteria, who is wanted on drug charges by a U.S. federal court in Florida, is the subject of a Dec. 2, 2010, extradition request.

Colombian drug traffickers started using semi-submersibles in 1993. In that year, Colombia’s navy seized one of the vessels off Providencia Island in the Caribbean.

The semi-submersibles cannot dive like a normal submarine, but they are equipped with a valve that, when opened by the operators, quickly floods and scuttles the vessel, causing it and any drugs on board to quickly sink to an unrecoverable depth.

The crew then jumps overboard and, since no drugs are discovered, they avoid prosecution.

Since 1993, Colombian security forces have seized more than 50 of the vessels.

In September 2011, a sub with the capacity to haul at least 10 tons of drugs to Central America was seized from the FARC on Colombia’s southwestern Pacific coast by a police special operations unit.

Read more by HS News Staff →

McDonald’s Tops the List among Hispanic Advertisers

While total advertising spending increased modestly by a .8 percent in 2011 the big news came in Spanish language TV advertising that increased by 8.3 percent, increasing 19.1 percent in the fourth quarter alone.  This new data was released by Kantar Media a strategic advertising and marketing company. 

Some of the top Hispanic Media advertisers included McDonald’s, Procter & Gamble and Dish TV.  The fast food giant, McDonald’s ranked fourth among the top 10 advertisers in Hispanic Media.  During 2011, the company spent $1.4 million per ad, which showed an increase of 29.2 percent.  They did show a 2.6 percent decline however in their total amount spent in 2011 as compared to the previous year. 

In total, the restaurant industry ranked ninth in advertising spending.  After spending $5.8 million in 2011, they followed the automotive, retail, personal care products, and food and candy industries among others.  This ranking is surprising as the restaurant industry’s expenditures for 2010 was only $5.6 million. 

Of the millions spent reaching out to the Latino consumer most of those dollars went to advertise on television. 

 

 

Read more at QSR →

Paulina Rubio Forgetting about Failed Marriage with New Boyfriend

It looks as if Paulina Rubio has already forgotten about her failed marriage and has moved on and out with another man.  The singer, according to various sources, has recently begun a romance with a California businessman.  Some speculate that he is a wealthy partner of an important talent agency in the United States. 

Rubio and her new beau began dating, allegedly, several weeks ago; however she has attempted to maintain secrecy until her divorce is finalized and public.  This latest news contradicts what her former band mate, Benny Ibarra has said of her marriage.  He has defended Rubio, stating that she has been fighting to save her marriage.  “The last time we spoke, she told me that they were working hard to repair their marriage and that they were not completely separated,” expressed Ibarra. 

Although Ibarra claims the couple is continuing to work on their relationship, Rubio’s husband, Colate appears to have also started a new relationship.  According to sources, he and a television presenter have recently begun seeing each other. 

Read more by HS News Staff →

Five Years in Prison for Phony Immigration Agent

Five Years in Prison for Phony Immigration Agent

Photo: Fake Immigration Agent sentenced

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After pleading guilty to impersonating an immigration agent and stealing money from desperate undocumented immigrants, Tommie Rand Pierce will serve the next 57 months in prison. 

For at least two years, the 68 year old man from Raleigh, North Carolina preyed on undocumented immigrants giving them false hope for legal citizen status while taking up to $5,000 from each victim.  More than 265 falsified immigration applications were ‘filed’ by Pierce during his two year scam. 

Investigators first became aware of Pierce’s scam in May of 2010 after receiving a copy of the Raleigh based newspaper, ‘La Conexion,’ from an attorney with the Justice Center’s Immigrant and Refugee Rights Project, Katherine Woomer-Deters.  The paper published an article which called Pierce a fraud while documenting pictures of his business cards.  His cards described him as, “President and Chief Executive Officer of Consultor de Immigrations.” 

According to Woomer-Deters, she believes that Pierce took advantage of many undocumented are desperate to obtain citizenship.  Knowing many immigrants feared being caught, allowed Pierce to continue his scam without being questioned for at least two years.  In an email Woomer-Deters stated, “These types of scams damage our communities in so many ways.  Not only do they rob the victims of money and time, but they rob victims of trust in the system itself.  The fact that Mr. Pierce was able to scam so many victims for so many years is a testament to how broken our system is and how little sense it makes.”

Sentenced on Wednesday by U.S. District Judge Malcolm J. Howard, Pierce faces one felony count each of impersonating an agent of the United States, fraud and misuse of visas, permits as well as other forms of documentation. 

Read more by HS News Staff →

Brazilians Spent More than Any Other International Tourist, Averaging $5,400 per Person

Brazilians Spent More than Any Other International Tourist, Averaging $5,400 per Person

Photo: Brazilian Tourists Shopping in U.S.

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The United States is now witnessing a turn of the tables as many Brazilians come here for the latest shopping deals.  In 2010, according to statistics, Brazilians spent $5.9 billion in the United States and as a result, spend more than any other international tourist spending an average $5,400 per person.  Return flights to Brazil from the United States on the top Brazilian airline, TAM, have had to increase the amount of fuel carried on the flight due to an increase in overweight baggage among passengers.

Unniverson Liborio, a Brazilian born chef, based in New York, arrived recently in Rio de Janiero with his suitcases bursting with gifts for his grandchildren.  The 60 year old, traveled with close to 700 disposable diapers, a Barbie mansion, as well as several baby onesies.  “I got this all for maybe $300 total.  In Brazil, I couldn’t have bought even half the diapers for the same price and forget about everything else,” stated Librorio.

Liborio is not the only Brazilian shopping for deals in the United States.  Aristoteles Guimaraes, was spotted at a mall in Miami shopping for the upcoming arrival of his new baby.  Although his wife, currently seven months pregnant, stayed behind in Brazil, Guimaraes stocked up on many baby supplies while staying under his $4,000 budget.  “I came exclusively to buy things for my baby.  I came to buy everything.  Things here cost on average one third of what they would in Brazil,” stated the 36 year old father to be.  Among his shopping deals was an Italian baby stroller, which in Brazil would have cost $1,300.  Here he purchased it for $350. 

As a result of the influx of Brazilian shoppers, President Barack Obama has requested the State Department to speed up the visa application process for tourists coming from Brazil as well as China and other nations looking to spend money in the U.S.  In 2010, the U.S. granted 546,866 visas to Brazilian tourists.  This figure has more than doubled over the past decade.  Although numbers from 2011 have yet to be released, the Embassy of the United States in Brazil is estimating that at least 1 million visas were granted in 2011. 

Fernando Mello, just returned home from his shopping vacation in South Florida.  He states, “We left with nothing, just a piece of hand luggage.  We go to the U.S. once a year, stay in great hotels, have a fantastic holiday and shop till we drop and it’s still cheaper than shopping in Brazil.  It’s a no brainer.”

Read more at Google Hosted News →

REPORT:  Brazil, Nicaragua & Panama best Suited to Attract Low-Carbon Energy Investments

REPORT:  Brazil, Nicaragua & Panama best Suited to Attract Low-Carbon Energy Investments

Photo: Brazil, Nicaragua & Panama best for low-carbon energy investing

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Brazil, Nicaragua and Panama have the most suitable environment for climate-related investments in Latin America and the Caribbean, according to a preview of the Climatescope 2012, an upcoming report and index developed by the Multilateral Investment Fund in partnership with clean energy market research firm Bloomberg New Energy Finance.

Climatescope profiles 26 countries in Latin America and the Caribbean and evaluates their ability to attract capital for low-carbon energy sources while building a greener economy. The study will measure 30 indicators to assess the climate for climate-related investments in the region.

Countries were ranked based on four parameters: enabling framework; clean energy investments and low carbon financing; low-carbon business and clean energy value chains; and greenhouse gas management activities.

In 2011, Latin America and the Caribbean attracted only 10 percent of the estimated $260 billion in new investments to new clean energy projects and companies worldwide, according to Bloomberg New Energy Finance data. Overall Climatescope preliminary results highlight considerable room for improvement for countries seeking to attract more capital for their local low-carbon energy sectors and to install more clean power capacity.

“The Latin American and Caribbean region is playing an increasingly important role in the emerging clean energy industry,” said Ethan Zindler, head of global policy analysis at Bloomberg New Energy Finance. “But, given the extraordinary natural resources available and the rapidly growing demand for energy, the region has been fundamentally under-invested. Our hope is that Climatescope can provide investors, manufacturers, and policymakers with a useful guide on how best to deploy substantially more clean energy dollars in the region in the future.”

Read more by HS News Staff →



SundayMarch 18, 2012