“Let us not fear renewables, especially the industrial sector, because they not only have a positive impact on climate change but they also have an impact on the economy,” said Aranguren during a meeting with business leaders at the Argentina American Chamber of Commerce, arranged to welcome US President Barack Obama during his visit to the South American nation.
Aranguren – the former CEO of Shell Argentina who was named mines and energy minister by the country's new pro-market president Mauricio Macri – outlined the country's new energy policies, which following the removal of subsidies on power bills will enter an era in which electricity will be contracted through competitive auctions.
“Our
