Mexico, Brazil Energy Fortunes Moving in Opposite Directions, Says Yergin

When it comes to energy policy, Latin American giants Brazil and Mexico are like “two ships of state passing in the night,” according to energy authority Daniel Yergin.

Yergin discusses the issues in Latin America in his latest book, “The New Map: Energy, Climate, and the Clash of Nations” published by Penguin Press.

According to Yergin, policies by Brazil President Jair Bolsonaro are restoring the faith of investors in the country’s energy sector, while moves by Mexico President Andrés Manuel López Obrador, who often goes by the nickname ALMO, are scaring them off.

“AMLO and Bolsonaro, coming to the presidencies of the two largest Latin American countries within a few weeks of each other, are leading their nations in opposite directions,” Yergin wrote....