Highlights Latin America among the biggest beneficiaries of Russian crude shortfall Observers concerned proceeds being used to subsidize energy prices Additional investments in the sector could delay energy transition The conflict in Ukraine has taught countries that they have to reduce their dependence on fossil fuels and accelerate the transition to clean sources of energy, experts said during a panel discussion on March 30. Receive daily email alerts, subscriber notes & personalize your experience. Register Now However, the shortfall of Russian crude will require more production elsewhere in the near term and Latin America could be among the biggest beneficiaries, the panelists said during a webinar organized by Columbia University’s Center on Global Energy Policy. The increased need for crude globally in the short term will probably allow Latin American countries to keep their production, as the world will need sources that are “reliable”, the panelists said. “Latin America […]