Suriname’s prospects of becoming a petrostate improved considerably in September 2023, when France’s TotalEnergies announced that it is commencing studies for developing a USD 9 billion oil and gas project for the Caribbean country’s offshore fields. This project is expected to revitalize the country’s deeply challenged economy and radically reduce poverty. Yet Suriname, like many of its neighbors in the Caribbean and Latin America, faces climate change challenges and is seeking to transition from a dependence on fossil fuels to renewables.