IBOV 173,731.28 ▼ 0.05% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 — 0.00% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,220.16 — — USD/BRL5.12▲ 0.38% USD/MXN17.51▲ 0.48% USD/CLP931.04▲ 0.65% USD/COP3,256▲ 0.77% USD/PEN3.40▲ 0.38% USD/ARS1,480▲ 0.31% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.87% USD/TTD6.74▲ 1.70% EUR/BRL5.86▲ 0.38% BRENT 87.08 ▲ 3.38% WTI 81.22 ▲ 2.88% IRON ORE 161.91 — — COPPER 6.25 ▼ 0.75% GOLD 4,001 ▲ 0.39% SILVER 56.03 ▲ 0.24% SOY 1,200 ▲ 0.42% CORN 464.00 ▲ 5.10% WHEAT 674.00 ▼ 0.11% COFFEE 319.20 ▼ 0.65% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 130.65 ▼ 2.35% COTTON 78.43 ▲ 0.95% COCOA 5,522 ▲ 5.87% BEEF 222.30 ▼ 2.10% CATTLE 346.05 ▼ 0.16% LITHIUM 67.94 ▼ 1.34% PETR4 40.95 ▲ 2.66% VALE3 72.76 ▼ 0.30% ITUB4 42.09 ▼ 1.08% BBDC4 18.32 ▼ 0.49% ABEV3 15.73 ▲ 0.83% BBAS3 20.75 ▼ 0.05% B3SA3 15.34 ▼ 0.32% WEGE3 44.00 ▲ 1.17% PRIO3 57.87 ▲ 1.90% SUZB3 42.44 ▲ 1.77% RENT3 38.73 ▼ 0.33% AZZA3 18.69 ▲ 0.86% CSAN3 3.83 ▼ 1.29% RAIZ4 0.28 ▼ 3.45% PCAR3 2.59 — 0.00% GMAT3 3.83 ▼ 2.30% PSSA3 55.14 ▼ 0.14% CVCB3 1.34 ▼ 0.74% POSI3 3.88 — 0.00% SLCE3 13.54 ▼ 0.51% NATU3 8.54 ▼ 0.23% BRKM5 6.14 ▲ 0.66% RANI3 8.04 ▼ 0.50% CSNA3 5.03 ▼ 1.37% CMIN3 5.41 ▼ 0.73% USIM5 7.94 ▲ 0.51% GGBR4 23.86 ▼ 0.21% ENEV3 25.86 ▼ 0.35% CPFE3 47.29 ▲ 0.21% CMIG4 11.26 ▲ 1.53% EQTL3 39.85 — 0.00% LREN3 13.57 ▼ 0.59% VIVT3 35.59 ▲ 0.34% RAIL3 13.84 ▼ 0.65% KLABIN 17.57 ▲ 1.21% RAIA DROGASIL 18.30 ▼ 1.19% RDOR3 35.74 ▼ 0.36% HAPV3 11.33 ▲ 3.47% FLRY3 16.79 ▲ 2.25% SMTO3 15.55 ▼ 1.08% UGPA3 31.81 ▼ 0.56% VBBR3 34.45 ▲ 0.23% BBSE3 41.25 ▲ 0.17% BPAC11 56.25 ▼ 0.60% CURY3 30.96 ▼ 1.05% AERI3 2.04 ▲ 0.99% VIVARA 23.12 ▼ 0.99% COMPASS 24.96 ▲ 0.20% VAMOS 3.25 ▲ 2.85% SANB11 26.80 ▼ 0.11% ASAI3 8.41 ▼ 1.75% SBSP3 29.34 ▲ 0.14% WALMEX 50.30 ▲ 1.49% GMEXICO 198.85 ▼ 0.20% FEMSA 226.01 ▲ 0.42% CEMEX 22.68 ▼ 0.44% GFNORTE 179.00 ▼ 0.77% BIMBO 59.93 ▲ 3.47% TELEVISA 9.47 ▼ 0.42% AMX 22.97 ▲ 0.83% GAP 395.43 ▲ 0.94% ASUR 277.83 ▼ 1.11% OMA 233.16 ▲ 0.03% KOF 181.39 ▲ 1.36% GRUMA 288.47 ▲ 0.74% KIMBER 39.02 ▲ 0.62% SQM-B 62,089 ▼ 6.00% COPEC 6,137 ▲ 0.18% BSANTANDER 76.75 ▼ 1.80% FALABELLA 5,821 ▼ 0.54% ENELAM 85.02 ▲ 0.26% CENCOSUD 2,010 ▲ 0.25% CMPC 1,099 ▲ 2.33% BANCO CHILE 185.32 ▼ 1.88% LATAM AIR 24.38 ▼ 4.02% YPF 76,075 — 0.00% GGAL 7,865 — 0.00% PAMPA 5,110 — 0.00% TXAR 662.00 — 0.00% ALUAR 940.00 — 0.00% TGS 9,385 — 0.00% CEPU 2,260 — 0.00% MIRGOR 16,750 — 0.00% COME 44.46 — 0.00% LOMA NEGRA 3,558 — 0.00% BYMA 301.50 — 0.00% TELECOM ARG 4,180 — 0.00% ECOPETROL 15.99 ▲ 1.17% BANCOLOMBIA 79.47 — 0.00% GRUPO AVAL 4.94 ▼ 0.60% CREDICORP 384.32 ▼ 0.80% SOUTHERN COPPER 173.56 ▼ 1.20% BUENAVENTURA 29.65 ▼ 1.72% MERCADOLIBRE 1,815 ▼ 2.28% NUBANK 13.59 ▼ 1.45% XP 16.63 ▼ 0.33% PAGSEGURO 9.01 ▼ 1.53% STONE 11.07 ▼ 1.21% GLOBANT 32.22 ▲ 0.06% TECNOGLASS 46.89 ▲ 0.12% GAP AIRPORT 223.32 ▼ 0.87% ASUR 277.83 ▼ 1.11% OMA AIRPORT 106.34 ▼ 0.81% AMX ADR 26.18 ▲ 0.15% FEMSA ADR 129.18 ▼ 0.24% CEMEX ADR 12.96 ▼ 1.07% PETROBRAS ADR 17.93 ▲ 2.63% VALE ADR 14.18 ▼ 0.28% ITAU ADR 8.21 ▼ 1.14% SANTANDER BR 5.25 ▼ 0.85% AMBEV ADR 3.05 ▼ 0.02% CSN 0.99 ▼ 1.21% GERDAU 4.68 ▼ 0.85% LATAM ADR 52.46 ▼ 1.35% BTC 63,335 ▼ 0.71% ETH 1,828 ▼ 1.90% SOL 74.54 ▼ 0.97% XRP 1.08 ▼ 0.28% BNB 561.93 ▼ 1.79% ADA 0.16 ▲ 0.39% DOGE 0.07 ▼ 0.35% AVAX 6.50 ▼ 0.10% LINK 8.15 ▼ 2.22% DOT 0.85 ▼ 1.02% LTC 44.75 ▼ 0.43% BCH 218.40 ▼ 1.45% TRX 0.32 — 0.00% XLM 0.19 ▲ 1.18% HBAR 0.07 ▼ 0.45% NEAR 1.94 ▼ 1.40% ATOM 1.51 ▲ 0.29% AAVE 91.50 ▲ 0.41% SELIC 14.25% EMBRAER 81.86 ▲ 0.11% EMBRAER ADR 64.07 ▼ 0.47% JBS 12.17 ▲ 1.16% JBS BDR 62.32 ▲ 1.33% MBRF3 15.33 ▲ 0.26% MBRFY 2.93 — 0.00% INTER 5.42 ▼ 2.17% EGX 52,928 ▲ 0.70% USD/ZAR16.52▲ 0.61% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.35 — 0.00% USD/CNY6.77▼ 0.11% DAX 24,744 ▼ 0.69% CAC 8,329 ▼ 0.58% FTSE 10,568 ▼ 0.04% MIB 51,602 ▼ 1.47% IBEX 19,165 ▼ 0.72% STOXX 639.29 ▼ 0.69% EUR/USD1.14▼ 0.02% GBP/USD1.34▼ 0.69% SPX 7,476 ▼ 0.77% DJI 52,501 ▼ 0.10% NDX 28,521 ▼ 1.74% RUT 2,952 ▼ 0.77% TSX 35,238 ▼ 0.29% VIX 19.33 ▲ 15.54% USD/CAD1.40▼ 0.23% US10Y 4.5130 ▼ 1.23% IBOV 173,731.28 ▼ 0.05% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 — 0.00% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,220.16 — — USD/BRL 5.12 ▲ 0.41% USD/MXN 17.51 ▲ 0.48% USD/CLP 931.04 ▲ 0.65% USD/COP 3,256 ▲ 0.77% USD/PEN 3.40 ▲ 0.38% USD/ARS 1,480 ▲ 0.31% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.87% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.86 ▲ 0.38% BRENT 87.08 ▲ 3.38% WTI 81.22 ▲ 2.88% IRON ORE 161.91 — — COPPER 6.25 ▼ 0.75% GOLD 4,001 ▲ 0.39% SILVER 56.03 ▲ 0.24% SOY 1,200 ▲ 0.42% CORN 464.00 ▲ 5.10% WHEAT 674.00 ▼ 0.11% COFFEE 319.20 ▼ 0.65% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 130.65 ▼ 2.35% COTTON 78.43 ▲ 0.95% COCOA 5,522 ▲ 5.87% BEEF 222.30 ▼ 2.10% CATTLE 346.05 ▼ 0.16% LITHIUM 67.94 ▼ 1.34% PETR4 40.95 ▲ 2.66% VALE3 72.76 ▼ 0.30% ITUB4 42.09 ▼ 1.08% BBDC4 18.32 ▼ 0.49% ABEV3 15.73 ▲ 0.83% BBAS3 20.75 ▼ 0.05% B3SA3 15.34 ▼ 0.32% WEGE3 44.00 ▲ 1.17% PRIO3 57.87 ▲ 1.90% SUZB3 42.44 ▲ 1.77% RENT3 38.73 ▼ 0.33% AZZA3 18.69 ▲ 0.86% CSAN3 3.83 ▼ 1.29% RAIZ4 0.28 ▼ 3.45% PCAR3 2.59 — 0.00% GMAT3 3.83 ▼ 2.30% PSSA3 55.14 ▼ 0.14% CVCB3 1.34 ▼ 0.74% POSI3 3.88 — 0.00% SLCE3 13.54 ▼ 0.51% NATU3 8.54 ▼ 0.23% BRKM5 6.14 ▲ 0.66% RANI3 8.04 ▼ 0.50% CSNA3 5.03 ▼ 1.37% CMIN3 5.41 ▼ 0.73% USIM5 7.94 ▲ 0.51% GGBR4 23.86 ▼ 0.21% ENEV3 25.86 ▼ 0.35% CPFE3 47.29 ▲ 0.21% CMIG4 11.26 ▲ 1.53% EQTL3 39.85 — 0.00% LREN3 13.57 ▼ 0.59% VIVT3 35.59 ▲ 0.34% RAIL3 13.84 ▼ 0.65% KLABIN 17.57 ▲ 1.21% RAIA DROGASIL 18.30 ▼ 1.19% RDOR3 35.74 ▼ 0.36% HAPV3 11.33 ▲ 3.47% FLRY3 16.79 ▲ 2.25% SMTO3 15.55 ▼ 1.08% UGPA3 31.81 ▼ 0.56% VBBR3 34.45 ▲ 0.23% BBSE3 41.25 ▲ 0.17% BPAC11 56.25 ▼ 0.60% CURY3 30.96 ▼ 1.05% AERI3 2.04 ▲ 0.99% VIVARA 23.12 ▼ 0.99% COMPASS 24.96 ▲ 0.20% VAMOS 3.25 ▲ 2.85% SANB11 26.80 ▼ 0.11% ASAI3 8.41 ▼ 1.75% SBSP3 29.34 ▲ 0.14% WALMEX 50.30 ▲ 1.49% GMEXICO 198.85 ▼ 0.20% FEMSA 226.01 ▲ 0.42% CEMEX 22.68 ▼ 0.44% GFNORTE 179.00 ▼ 0.77% BIMBO 59.93 ▲ 3.47% TELEVISA 9.47 ▼ 0.42% AMX 22.97 ▲ 0.83% GAP 395.43 ▲ 0.94% ASUR 277.83 ▼ 1.11% OMA 233.16 ▲ 0.03% KOF 181.39 ▲ 1.36% GRUMA 288.47 ▲ 0.74% KIMBER 39.02 ▲ 0.62% SQM-B 62,089 ▼ 6.00% COPEC 6,137 ▲ 0.18% BSANTANDER 76.75 ▼ 1.80% FALABELLA 5,821 ▼ 0.54% ENELAM 85.02 ▲ 0.26% CENCOSUD 2,010 ▲ 0.25% CMPC 1,099 ▲ 2.33% BANCO CHILE 185.32 ▼ 1.88% LATAM AIR 24.38 ▼ 4.02% YPF 76,075 — 0.00% GGAL 7,865 — 0.00% PAMPA 5,110 — 0.00% TXAR 662.00 — 0.00% ALUAR 940.00 — 0.00% TGS 9,385 — 0.00% CEPU 2,260 — 0.00% MIRGOR 16,750 — 0.00% COME 44.46 — 0.00% LOMA NEGRA 3,558 — 0.00% BYMA 301.50 — 0.00% TELECOM ARG 4,180 — 0.00% ECOPETROL 15.99 ▲ 1.17% BANCOLOMBIA 79.47 — 0.00% GRUPO AVAL 4.94 ▼ 0.60% CREDICORP 384.32 ▼ 0.80% SOUTHERN COPPER 173.56 ▼ 1.20% BUENAVENTURA 29.65 ▼ 1.72% MERCADOLIBRE 1,815 ▼ 2.28% NUBANK 13.59 ▼ 1.45% XP 16.63 ▼ 0.33% PAGSEGURO 9.01 ▼ 1.53% STONE 11.07 ▼ 1.21% GLOBANT 32.22 ▲ 0.06% TECNOGLASS 46.89 ▲ 0.12% GAP AIRPORT 223.32 ▼ 0.87% ASUR 277.83 ▼ 1.11% OMA AIRPORT 106.34 ▼ 0.81% AMX ADR 26.18 ▲ 0.15% FEMSA ADR 129.18 ▼ 0.24% CEMEX ADR 12.96 ▼ 1.07% PETROBRAS ADR 17.93 ▲ 2.63% VALE ADR 14.18 ▼ 0.28% ITAU ADR 8.21 ▼ 1.14% SANTANDER BR 5.25 ▼ 0.85% AMBEV ADR 3.05 ▼ 0.02% CSN 0.99 ▼ 1.21% GERDAU 4.68 ▼ 0.85% LATAM ADR 52.46 ▼ 1.35% BTC 63,335 ▼ 0.71% ETH 1,828 ▼ 1.90% SOL 74.54 ▼ 0.97% XRP 1.08 ▼ 0.28% BNB 561.93 ▼ 1.79% ADA 0.16 ▲ 0.39% DOGE 0.07 ▼ 0.35% AVAX 6.50 ▼ 0.10% LINK 8.15 ▼ 2.22% DOT 0.85 ▼ 1.02% LTC 44.75 ▼ 0.43% BCH 218.40 ▼ 1.45% TRX 0.32 — 0.00% XLM 0.19 ▲ 1.18% HBAR 0.07 ▼ 0.45% NEAR 1.94 ▼ 1.40% ATOM 1.51 ▲ 0.29% AAVE 91.50 ▲ 0.41% SELIC 14.25% EMBRAER 81.86 ▲ 0.11% EMBRAER ADR 64.07 ▼ 0.47% JBS 12.17 ▲ 1.16% JBS BDR 62.32 ▲ 1.33% MBRF3 15.33 ▲ 0.26% MBRFY 2.93 — 0.00% INTER 5.42 ▼ 2.17% EGX 52,928 ▲ 0.70% USD/ZAR 16.52 ▲ 0.83% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.35 — 0.00% USD/CNY 6.7762 ▲ 0.19% DAX 24,744 ▼ 0.69% CAC 8,329 ▼ 0.58% FTSE 10,568 ▼ 0.04% MIB 51,602 ▼ 1.47% IBEX 19,165 ▼ 0.72% STOXX 639.29 ▼ 0.69% EUR/USD 1.1439 ▼ 0.04% GBP/USD 1.3450 ▼ 0.22% SPX 7,476 ▼ 0.77% DJI 52,501 ▼ 0.10% NDX 28,521 ▼ 1.74% RUT 2,952 ▼ 0.77% TSX 35,238 ▼ 0.29% VIX 19.33 ▲ 15.54% USD/CAD 1.4010 ▼ 0.21% US10Y 4.5130 ▼ 1.23%
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Colombia Latin America

Colombian president-elect proposes Latin American dialogue with US on energy transition

By · June 20, 2022 · 3 min read

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RIO DE JANEIRO, BRAZIL – The president-elect of Colombia, leftist Gustavo Petro, proposed this Sunday that Latin American countries unite to talk with the United States and lay the groundwork for an “energy transition” in the face of the ravages caused by climate change.

“I propose to the Government of the United States and to all the governments of America to sit down and talk to establish the steps for the energy transition, the steps for the construction of a decarbonized economy, the steps for the construction of an economy of life in all America,” Petro said in his first speech after winning the second round of the presidential election.

In this regard, the president-elect said that the priority of his government’s diplomatic policy would be to put Colombia “at the forefront of the world in the fight against climate change”.

Colombia's president-elect Gustavo Petro.
Colombia’s president-elect Gustavo Petro. (Photo: internet reproduction)
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“Science has told us that as a human species we can perish in the short term (…), that the dynamics of accumulation that an unbridled market, that unbridled desires of greed, that a process of unbridled consumption are about to end the very basis of existence. That is not what the left or the right-wing tell us; it is what science tells us,” he affirmed.

He added that after winning, almost all the presidents of Latin America called him, for which he proposed “a dialogue in the Americas without exclusions of any people, of any nation,” with the United States on “what it means that” in that country “greenhouse gases are emitted like in almost no other country”.

He went on to say that in the south, “we assume them, we absorb them” in the Amazon.

“If they are emitted there, and we absorb them here, why don’t we dialogue? Why don’t we establish another way of understanding each other?

WAR ON OIL

That dialogue, Petro considered, will allow “saving humanity,” and for that reason, he invited Latin American progressivism to “stop thinking about social justice, redistribution of wealth, that a future sustained based on high oil, carbon, and gas prices is possible”.

“It is unsustainable for human existence. I propose to the progressivism of Latin America that it is possible to think of a productive and non-extractivist Latin America that deepens knowledge to the highest spheres of knowledge of humanity. A Latin America together that can shout to humanity that the time has come to change to live tastily,” he concluded.

Petro’s government program proposes to move “from an extractivist economy to a productive economy”.

In that line, he assures that Colombia must make a “gradual transformation of the economic apparatus based on the depredation of the planet, unproductivity, unemployment, and deep inequality”.

“In our government, the exploration and exploitation of unconventional oilfields will be prohibited, and the pilot projects of ‘fracking’ and the development of offshore oilfields will be stopped. No new licenses will be granted for exploring hydrocarbons, nor will large-scale open-pit mining be allowed,” states the campaign document.

With information from EFE

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