Latest news with #Bogota
Reuters
10 hours ago
- Business
- Reuters
Bankers urge Latin America to ease hurdles to attract renewable energy funds
BOGOTA, July 22 (Reuters) - Latin American countries need to address regulatory barriers, improve electrical interconnection, and enhance renewable energy project structuring to attract the $200 billion annual investment required for the energy transition, multilateral bank executives said on Tuesday. Executives spoke at an event in Colombia's capital Bogota organized by the Economic Commission for Latin America and the Caribbean. The region's energy infrastructure investments fall short of global averages, which could hinder its ability to meet climate and energy goals. "The solution lies in policy, because money is not lacking," Felix Fernandez, director for Latin America and the Caribbean at the European Union's Directorate-General for International Partnerships, said. "Our region can consolidate its leadership in sustainable energy solutions, but for this, we must create conditions with adequate regulatory frameworks, investment, and a good public-private balance," added Andres Rebolledo, executive secretary of the Latin American Energy Organization. Latin America allocates around 3% of its GDP to energy infrastructure, compared to 5% on average in Europe, Asia, the Middle East, and North Africa, according to World Bank data. European Union companies have planned $20 billion in renewable energy investments in Colombia, where 88% of renewable energy connected to the grid is produced by EU firms, Fernandez said.
Daily Mail
a day ago
- Sport
- Daily Mail
'Broken' British tennis star breaks silence after being hit with FOUR-YEAR doping ban
British tennis star Tara Moore has blasted the sport's 'broken' anti-doping system and claimed her life has been 'ripped away' after her four-year doping ban was upheld. The former British No 1 doubles player also maintained her innocence while revealing she is 'broken' after 'fighting for her life' and being 'failed' by 'organisations and people in power'. The 32-year-old received the ban in 2022 after prohibited substances nandrolone and boldenone were found in positive tests Moore underwent during a tournament in Bogota, Colombia. She was handed an immediate ban but was cleared by an independent tribunal 19 months later, who ruled the anabolic steroids had entered her bloodstream via contaminated meats eaten in the days before her initial urine test. But last week, Moore had her ban upheld by the Court of Arbitration for Sport after an appeal by the International Tennis Integrity Agency. She will be unable to compete for four years minus the 19 months she served while provisionally suspended. Tara Moore said her life has been 'ripped away' after her four-year doping ban was upheld 'The last three-and-a-half years have broken me into so many pieces,' Moore said in a statement on social media. 'As my family and friends have scrambled to pick up the broken shards of me, they've glued me back together in the form of a different person. 'I don't need a panel to tell me I'm innocent. I know the integrity I bring and I know I am innocent. I believe everyone over the past couple of years can see how subjective this process is. 'I have been the underdog. I have had my life as I knew it ripped away from me because the organisations and people in power failed to do what was right. They may have taken my fight away on the court, yet my fight is not over, not for me or others like me. 'The anti-doping system is broken. I am proof of this. We need to fix it. Not for me as it's too late, but for future players who find themselves in this unfortunate situation. I have so much more to say when the time is right.' Moore had argued that boldenone and nandrolone were found in her sample after she consumed beef and/or pork while in Colombia. But a Cas statement said: 'After reviewing the scientific and legal evidence, the majority of the Cas panel considered that the player did not succeed in proving that the concentration of nandrolone in her sample was consistent with the ingestion of contaminated meat. 'The panel concluded that Ms Moore failed to establish that the ADRV (Anti-Doping Rule Violation) was not intentional. The appeal by the ITIA is therefore upheld and the decision rendered by the Independent Tribunal is set aside.' The verdict from Cas' March hearing into the appeal now means that the British player will be unable to return to competition until the start of the 2028 season. Moore previously shared a heartfelt statement in the wake of the decision as she decried the '19 months of lost time' that waiting for the hearing's verdict that she 'bore no fault or negligence' had stolen from her. It comes amid ongoing controversy over doping bans in tennis. Wimbledon winner Jannik Sinner was given a three-month suspension earlier this year after the World Anti-Doping Agency appealed the initial verdict that Sinner bore 'no fault or negligence' after clostebol entered his body via a cut on the hand of his physio that had been treated with the banned substance. There has been significant debate over the perceived leniency of his punishment, which allowed Sinner to return in time to compete at the French Open - where he reached the final - without missing any Grand Slam tournaments. World No 3 Iga Swiatek was similarly subject to debate over special treatment after she was handed her one-month suspension in November 2024 - having competed in tournaments after August's positive test. Since returning to the tour in April 2024, Moore has frequently spoken out against what she believed was preferential treatment shown to Swiatek. Both Sinner and Swiatek were victorious at Wimbledon with the Italian claiming his first Wimbledon Championship and Swiatek her sixth Grand Slam title.
Zawya
2 days ago
- Business
- Zawya
Brookfield Renewable to invest up to $1bln in Isagen
Brookfield Renewable said on Friday it will invest up to $1 billion to increase its stake in Colombian energy company Isagen S.A to about 38%. As a part of the deal, Qatar Investment Authority (QIA), an existing co-investor in Isagen, will also invest about $500 million and increase its equity interest in Isagen to about 15%. The investment will be funded through a combination of proceeds from non-recourse financings at the business and available liquidity, Brookfield said. Isagen generates stable and contracted cash flows from its large fleet of hydro assets. In addition, it also has a pipeline of renewable power projects, to support Colombia's growing power needs. (Reporting by Sumit Saha in Bengaluru; Editing by Shailesh Kuber)
Bloomberg
5 days ago
- Business
- Bloomberg
Colombia Central Banker Flags Peso Rally Risk to Rate Outlook
Colombia's central bank is scrutinizing the peso's surge to determine whether the rally reflects solid fundamentals or speculative inflows, one of its newest board members said in an interview. Laura Moisá, an economist who joined the seven-member board in February, told Bloomberg News that policymakers are evaluating the impact of unprecedented finance ministry actions, including its purchases of local debt at discounted prices to drive interest costs down.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Planet Expands Multi-Year Contract with Instituto Geográfico Agustín Codazzi (IGAC), Providing Satellite Data and AI-Powered Analytics Feeds Across Colombia
Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced a multi-year contract expansion with the Instituto Geográfico Agustín Codazzi (IGAC), in partnership with Planet geospatial intelligence partner Procalculo. With this contract, IGAC will continue leveraging Planet's technology for national land management, now incorporating the Planet Insights Platform and the AI-powered change detection service for roads and buildings. These tools will enhance analysis and decision-making in urban planning, infrastructure, and environmental management. IGAC is the governmental entity in Colombia responsible for generating, managing, and disseminating geographic and cartographic data. In 2023, Planet signed a contract with IGAC to provide advanced access to SkySat tasking and daily monitoring with PlanetScope, thereby strengthening land-use planning and risk management throughout the country. With the expansion of the contract, IGAC leverages a comprehensive ecosystem of Planet solutions, including the Planet Insights Platform for geospatial data analysis and management, SkySat Flexible Tasking, PlanetScope Monitoring, Planet Change Detection: Roads and Buildings, and the Education & Research package, aimed at supporting government-led research initiatives. "By working in collaboration with IGAC and our partner Procalculo, we're excited to see how Planet's data is being used for nationwide disaster response, monitoring public policy compliance, and detecting changes through artificial intelligence across Colombia," said Ashley Johnson, Planet President and CFO. "By leveraging our platform and AI-powered analytics, IGAC will continue advancing near-daily broad area land management at scale." With this expanded data access and collaboration with Procalculo, IGAC is strengthening its ability to enforce regulations, identify and monitor risks such as floods and landslides, and carry out land management efforts throughout Colombia. By integrating Planet's data into its government platform, the Observatorio de la Tierra y el Territorio (OTT), IGAC is able to efficiently support various organizations aiming to conduct AI-enabled change analysis, monitor infrastructure, support urban planning, and evaluate land-use over time—becoming a key input for informed decision-making. "Planet offers a unique combination of satellite data and analytical capabilities that we can integrate into our national management systems to provide decision-makers with up-to-date data and information that ensure reliable insights about the territory," said Anderson Puentes Carvajal, Director of the Dirección de Gestión de Información Geográfica at IGAC. "By leveraging Procalculo's expertise along with Planet's advanced data and analytical tools, we're making significant progress in change detection and the implementation of public policies at both national and local levels across the country." About Planet Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to customers comprising the world's leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit and follow us on X (formerly Twitter) or tune in to HBO's ' Wild Wild Space '. About Procalculo Procalculo, a multilatina company with over 50 years of experience in specialized geographic information, offers a robust portfolio that includes satellite imagery distribution, GIS software, and geospatial analysis services. Throughout its history, the company has worked closely with government agencies and private sector organizations on projects involving cartography, environmental monitoring, territorial planning, and risk management. Procalculo currently serves as the official distributor of Planet solutions in Colombia, Ecuador, and Panama, providing end-to-end support for implementation and technical assistance. Forward-looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding Planet's product development and performance and its future execution and performance under contracts. Planet's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties, including those detailed in Planet's filings with the Securities and Exchange Commission. Planet does not undertake an obligation to update its forward-looking statements to reflect future events, except as required by applicable law.
