Discover the $20 Stock Fueling the AI Boom

If you are looking for the perfect retirement stock...Your search is over. AMD, NVIDIA, META... none of these companies could exist without this firm. And it could be yours for only about $20 a share.

Indigenous resistance stalls Colombia's potential renewable energy boom in La Guajira

STEVEN GRATTAN
February 20, 2025

CABO DE LA VELA, Colombia (AP) -- Giant wind turbines tower over a cemetery sacred to Zoyla Velasquez and her Indigenous Wayuu community, native to the La Guajira region in northern Colombia.

This arid, wind-swept region, dotted with cacti and roaming herds of goats, holds immense potential to position Colombia as a wind and solar energy leader. However, resistance from the Wayuu community has stalled many proposed projects by multinational companies and the government. The Wayuu have concerns about the environmental and cultural impacts and the lack of prior consultation in what's one of the nation's poorest regions. Now, these companies are also eyeing the region's offshore wind farm prospects.

"This cemetery is sacred to us, the Wayuu," 64-year-old Velasquez said in Spanish, though she is more comfortable speaking in her native Wayuunaiki. Wayuu leaders say what is threatened isn't the cemetery itself but the spirituality of the territory. "It is here that the bones of our ancestors rest. That's what matters most to us."

The region could generate approximately 15 gigawatts of wind energy, according to Colombia's Mining and Energy Planning Unit, which could power up to an estimated 37.5 million homes annually. It's part of Colombia's just energy transition, aiming to replace fossil fuels with renewables while supporting vulnerable groups like Indigenous peoples. The Wayuu say this isn't happening.

Rising tensions

Construction started on the La Guajira 1 wind farm -- which looms over the cemetery near Cabo de la Vela -- in 2020 after a mix of legal processes, government backing, and controversial negotiations and unsatisfactory prior consultation. It faced significant opposition from the Wayuu and has been producing electricity since 2022, but is not yet hooked up to the interconnected system.

"Wayuu spirituality is the fundamental base of our life and existence," said Aníbal Mercado, a "Palabrero," head of the regional Wayuu council. He wasn't part of the consultations due to his staunch opposition. "If something disturbs the peacefulness of our dead, they're affecting spiritual peace and tranquility. And as long as (the turbines) are there, there is going to be direct violation, anxiety and impact."

______

EDITOR'S NOTE: This is part of a series of on how tribes and Indigenous communities are coping with and combating climate change.

______

A lot of the population also preserve traditional, semi nomadic ways of living on "rancherias," which are thatched-like roofed huts, made from dried cacti and mud, herd cattle and goats, and many are armed. They also have a traditional governance system and laws based on their cultural and spiritual practices.

Critics warn that the government's push to expedite approvals for other developments could escalate tensions.

"La Guajira has been very sought after by these companies," Samuel Lanao, head of Corpoguajira, La Guajira's environment authority told The Associated Press in Riohacha, the region's capital. "When a foreign company enters these territories with the intention of exploiting renewable energies, there is always going to be a clash."

Colombia's government has committed to respecting Indigenous rights through legal frameworks like the 1991 Constitution, which recognizes Indigenous autonomy, and international agreements that ensure their right to prior consultation and participation in decisions that affect them. The 2016 Peace Agreement also touched on Indigenous communities' rights, land restitution, and participation in political processes.

Social issues have begun to spook companies, with 57 planned projects stalled, according to Indepaz, a Bogotá-based development organization with extensive research on the matter. While some projects are Colombian, the majority involve international companies from Brazil, Europe, U.S. and Canada.

"It's clear they're worried. There's been a slowdown in the progress of these energy transition projects precisely because of that conflict," Lanao said. "I believe that the national government plays an important role in achieving a community-company agreement."

Colombia's environment ministry did not respond to requests for comment.

A replacement for coal?

The region is home to Cerrejon, one of the largest open-pit coal mines in the world and a major player in Latin America's mining sector, which has been in operation since 1985. The mine has just nine years left in its lifespan, and its closure, without alternative plans in place, will deal a significant blow to the region's economy.

"You can imagine what this energy transition means to us," Lanao said. "This renewable energy sector comes to supply the income that the coal exploitation gives us today in La Guajira."

Developing wind projects in Guajira is key to guaranteeing a reliable supply of electricity in Colombia, says Margarita Nieves, founder of Colombian Offshore Wind Research Network and La Guajira native.

Nieves added for La Guajira, it represents an opportunity to have a new industry that will generate employment, position it as a center for the production of goods and services for the wind energy sector, and contribute to meeting the electricity demand of its inhabitants.

But the issue is also causing internal friction within the Wayuu community which stems from differing views on economic benefits, with some supporting development for financial gain.

The AP spoke to several Wayuu families living near wind turbines who do not oppose the companies operating there, as they have received financial assistance and housing.

Others are not convinced.

"An old saying goes that if you've never owned a chicken, manure looks like an egg to you," Mercado, the Palabrero, said when asked about those in the community who accept help from the companies, which is much less than what he'd consider fair compensation.

"There are many communities that have never had anything. In the midst of so much need, so much crisis, so much hunger, any little penny that they are being offered now seems like a miracle cure and the greatest wealth in the world to them," he said.

New offshore plans also shunned

Companies are now carrying out studies for offshore wind farms, which is also enraging the Wayuu, especially traditional fishers, known as Apalanchii.

Lanao, of the environmental authority, says just because the project is in the sea, it does not mean the communities do not have influence.

The Apalanchii use traditional fishing techniques, with nets, hooks and sometimes spearfishing. It is not only a means of sustenance but also a culturally important activity which they say ties them to their ancestors and the land.

"We are really worried about the offshore wind farms," said fisherman Aaron Laguna Ipuana, 57, during an early morning fishing trip in Cabo de la Vela with his crew. "They're going to displace us and the sea is everything to us. It sustains us."

Mercado says the government needs to do more to ensure Wayuu people are involved.

"We are concerned that these projects continue and that the government is letting them go ahead, without even coming to say what is going to happen and what is in the interest of the Wayuu people," said Mercado.

"The Wayuu defend their territory with blood and death, if necessary," he said.

At the cemetery, Velasquez, dressed in a traditional Wayuu robe and headscarf, gently strokes and observes the graves alongside her sister and young niece. In the background, the turbine blades continue to turn.

"The nobility of a Wayuu is used by companies," Velazquez says. "May they do something good for us ... the way we want it."

___

The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Continue Reading...

Popular

Sam Bankman-Fried Slams Biden's Crypto Policies As 'Incredibly Destructive' While Aligning With Trump — Looking For A Pardon?

Sam Bankman-Fried, who is currently serving a 25-year sentence for the FTX scam, shared his disapproval of the previous Joe Biden administration and expressed sympathy toward President Donald Trump, according to an interview from his prison released Thursday.

Apple Stock Has Run Up Over 10% In A Month, Jim Cramer Says iPhone Maker Is 'Ramping' And The Credit Goes To Chinese Subsidies

Apple Inc. shares have gained over 10% in the past month, with CNBC's Jim Cramer attributing recent momentum to Chinese government subsidies covering Apple products.

Powerful AI Trading Software Leaked to Public - Ad

A shocking video leak has revealed a groundbreaking new AI trading system...It's reportedly helping some traders pocket over $1,100 a day -- using it for just 60 seconds! Here's the kicker: This system was developed to analyze market data and pinpoint high-probability trades nearly on autopilot.

Conservative Influencer Says Musk Is Father of Her Newborn Child

Conservative influencer Ashley St. Clair has declared that Elon Musk is the father of her newborn child.

Differences bubble up between PepsiCo and Coca-Cola on diversity programs

confirmed Friday that it's ending some of its initiatives, even as rival voiced support for its own inclusion efforts.

JFK, 9/11... And Now This? - Ad

Jim Rickards says we'll never forget April 11, 2025. Jim outlines a crash so terrible it may even have the power to wipe out the checking and savings accounts at your bank... Along with 40% of the market. Jim is one of America's best geopolitical analysts... All you need to know is in a quick summary of his latest book.

Delta Airlines plane flips on landing in Toronto and a badly hurt child is among 8 casualties

TORONTO (AP) — A badly injured child is among eight people who were hurt Monday when a Delta Airlines plane flipped upon arrival at Toronto’s Pearson Airport.

Why Is Cancer-Focused Exelixis Stock Trading Higher On Friday?

Exelixis reaffirmed its 2025 sales guidance of $2.15-$2.25 billion and reported sustained long-term efficacy for Cabometyx in advanced renal cell carcinoma.

The Best $1 You'll Ever Spend for the Trump Boom - Ad

Right now for a limited time...You can get Tim Bohen's top 5 Trump stocks for 2025... For only ONE DOLLAR! He says these 5 stocks are trading for less than $2 right now...But they could soon SOAR in Trump's first 100 days.

Peter Lynch's Timeless Stock Advice: 'Person That Turns Over the Most Rocks Wins the Game'

Peter Lynch, famed for his remarkable returns at the helm of the Fidelity Magellan Fund, underscores the significance of comprehensive research and a long-term approach to successful investing, especially for those in their sixties.

Peter Schiff Says Michael Saylor-Led Strategy's Convertible Debt Offerings 'Aren't Going Well' As Stock Falls Despite Bitcoin's Gain

Influential economist and market commentator Peter Schiff expressed concerns over Strategy Inc.‘s (NASDAQ:MSTR) convertible debt offerings on Wednesday, hinting at potential financial troubles for the Bitcoin (CRYPTO:

Claim Your Share of $5.39 Billion in AI Equity Checks - Ad

Virtually every AI model is built off stolen data...so it's only fair that you deserve some kind of compensation...And the U.S. government seems to agree. Which is why you could now receive as much as $3,452.50 per month on average from "AI Equity Checks."

D-Wave, IonQ and Quantum Computing Stocks Pop: What's Driving the Momentum?

Microsoft announced the Majorana 1 chip, which it says can fit a million qubits into a chip comparable in size to a desktop PC CPU.

Japan's exports and imports grew in January, as tariff worries loom

TOKYO (AP) — Japan recorded a trade deficit of 2.76 trillion yen ($18 billion) in January, the Finance Ministry reported Wednesday, as worries continue to grow about looming tariffs from the administration of .

Crazy Opportunity: Tiny AI Stock You Need to see - Ad

I'll bet not one in 1 in 100,000 investors knows about this scorching opportunity! A tiny AI Wonder Stock could jumpstart the kind of carefree life you can only dream about right now. Getting positioned is easy...But you'll need to know its name and ticker symbol. (Which I'm prepared to give you now.)

What's Driving the Market Sentiment Around Pfizer?

Pfizer's (NYSE:PFE) short percent of float has fallen 19.75% since its last report. The company recently reported that it has 73.57 million shares sold short, which is 1.3% of all regular shares that are available for trading.

The 2 Best Stocks to Play Trump's "Stargate" - Ad

The first is a little-known company that already got a takeover offer from Nvidia. The second is a firm that's trading at just $20 a share and has an 8% yield.

In Ukraine, a potential arms-for-minerals deal inspires hope and skepticism

KIROVOHRAD REGION, Ukraine (AP) — The mineral ilmenite is extracted from mounds of sand deep in the earth and refined using a method that summons the force of gravity, resulting in a substance that glimmers like a moonlit sky.

"Boring Trade" Generates $185 Every Day. Like Clockwork. - Ad

Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street."

'Squid Game' Fuels Netflix's Dominance in South Korea's Booming Streaming Market: Report

Netflix leads South Korea's premium streaming market with 35% viewership share in 2024. Tving closely follows with 34%. Netflix's Q4 revenue up 16%.

Elon Musk's xAI To Unveil Grok 3 On Monday As AI Race With ChatGPT-Parent OpenAI And China's DeepSeek Heats Up

Elon Musk's xAI is set to unveil Grok 3 on Monday, claiming it as the "smartest AI on Earth," as global AI competition intensifies with OpenAI streamlining its models and China's DeepSeek rapidly expanding.

This Is the "New" Gold -- "MIT Miracle Metal" - Ad

MIT scientists just developed a brand-new metal... A metal that's shaping up to be, not only the biggest breakthrough in artificial intelligence... but in human technology. It's so valuable that some are referring to it as the "new gold".

Huawei's tri-foldable phone hits global markets in a show of defiance amid US curbs

KUALA LUMPUR, Malaysia (AP) — Huawei on Tuesday held a global launch for the industry’s first tri-foldable phone, which analysts said marked a symbolic victory for the Chinese tech giant amid U.S. technology curbs. But challenges over pricing, longevity, supply and app constraints may limit its success.

Peter Schiff Warns Of 'Slow-Motion Train Wreck' Financial Disaster That's On No One's Radar

Japanese government bond yields reached a new 15-year high on Tuesday, climbing to 1.40% as strong economic growth data fueled expectations of further monetary tightening by the Bank of Japan.

My No. 1 "Nuclear Renaissance" Stock Pick for 2025 - Ad

Bill Gates, Warren Buffett, Elon Musk, and Jeff Bezos Are "Silent Partners" on the Next Phase of A.I. One Little-Known 'Savior Stock' - trading at just $8 right now - Offers a Rare Opportunity to Profit in the NEXT A.I.

Trump orders US to ditch the penny. What's its connection to NASCAR's most impactful Daytona 500?

DAYTONA BEACH, Fla (AP) — Cease production of the penny, let collector’s gobble up what's left of the 1 cent coin, and there will still be one eternally glued to Dale Earnhardt’s old Chevrolet, the luckiest piece of loose change in NASCAR history.

Trump Takes Ceremonial Laps In 'The Beast' At Daytona 500, Marks First Visit Since 2020: 'I'm A Big Fan'

President Donald Trump took ceremonial laps Sunday in his presidential motorcade nicknamed "The Beast" at the Daytona 500, marking his first visit to the iconic speedway since 2020.

More AI Patents Than Nvidia, OpenAI and Tesla Combined? - Ad

Most people have no idea this company exists. That's because it's on the inside of your smartphone, your computer, and everything else... 99% of Americans don't even know its name. Billionaires have been buying this $50 AI stock hand over fist...

NAACP lists companies that dump DEI in its tactical spending guide for Black Americans

WASHINGTON (AP) — The NAACP wants Black Americans to steer their buying power toward companies that haven’t pulled back from programs under conservative pressure, and the nation’s oldest civil rights organization is listing have stood by — or reversed — past commitments to DEI.

Elon's Social Security Shock? - Ad

New research reveals what Elon Musk could be planning in Washington D.C. and how it may impact your money. In short, Elon has much bigger plans than simply "draining the swamp." His next big project could bring about nothing short of a revolution in our economy... It could change the way you file and pay your taxes... collect Social Security... and how you travel. To do it, Elon will likely use the same strategy he's applied in every other business.

Alibaba Spikes 11% In Hong Kong As Tencent, Xiaomi Lead Tech Rally On Earnings Optimism, Chinese Stimulus Hopes

Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.

Why some Hong Kongers live in homes smaller than a parking space, by the numbers

HONG KONG (AP) — Tens of thousands of people in densely populated, land-poor Hong Kong live in tiny dwellings made , most smaller than a parking space. It's an affordable option for students and low-income families but can also mean banging shins in cramped and in some cases substandard living spaces.

Breaking: Gates, Buffett Go All-in on the Nuclear Renaissance of 2025 - Ad

Bill Gates, Warren Buffett, and Jeff Bezos are throwing big money into a surprising power source that could solve our problems for centuries to come. But guess what? I've identified an outstanding player in this emerging sector.

Apple's Leaked Renders Show iPhone 17 Air And Pro Getting Unique Camera Islands —But Base Model's Looks May Disappoint Some

Leaked renders suggest Apple's iPhone 17 Air and Pro will feature unique camera island designs, while the standard iPhone 17 may retain the iPhone 16's look, disappointing fans hoping for a visual refresh.

Watch This Robotics Demo Before March 17 - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%... Just did a demo of what Nvidia's CEO said will be "the first multitrillion-dollar robotics industry." Watch the demo now and learn how to potentially profit...

Chipotle Aims To Fill 20,000 Jobs Ahead Of Burrito Season: Details

Chipotle Mexican Grill (NYSE: CMG) is hiring 20,000 employees for its "Burrito Season" running from March to May. The company is launching new employee perks and TV ads to attract applicants.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright traderelite.club
Privacy Policy | Terms of Service