In an attempt to move away from volatile oil markets in Latin America, U.S. Vice President Joe Biden urged Central American and Caribbean leaders to move toward more integrated and diversified sources of energy. Forward of the upcoming Energy Summit in Washington D.C, the U.S. Vice President said:
“We just have to harness that momentum into progress toward sustainable energy security in our region that will endure when volatile oil prices inevitably rise.”
The statement was said in relation to the the aim of the summit to help the region reduce dependence on Venezuela’s Petrocaribe program. The summit is being attended by the presidents of Panama, Juan Carlos Varela; Honduras, Juan Orlando Hernández; El Salvador, Salvador Sánchez Cerén; and Guatemala, Jimmy Morales, as well as senior representatives of other countries in the regions. A final report on the energy challenges of both regions is expected to be released after the summit.