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Home Chile’s green lessons for emerging markets Chile’s green lessons for emerging markets Dash for hydrogen shows that fossil fuels are not the only route to prosperity World Economy News 5 Jul 2021 • 2 min read Brazil is touting itself as a leading global offshore oil producer, Mexico’s president is hell-bent on jacking up crude output, Argentina’s state oil firm is sinking billions into blasting shale oil out of rocks and Ecuador’s new leader has pledged to double oil production. To judge by this fossil fuel frenzy, one might be forgiven for thinking that Latin America’s governments had not heard of the global climate emergency. The region’s addiction to oil and gas, preferably extracted by state-controlled companies, is strong. It sits naturally with leaders whose economies have long been tied to natural resource exports.

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