Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels.

Prime Minister Justin Trudeau's Liberal government has pledged to cut carbon output 40% to 45% below 2005 levels by 2030 and reach net-zero emissions by 2050.

Perhaps the most famous green cause in Argentina actually ended in defeat.

The European Central Bank’s inflation forecasts may need to be revised upward because of the continent’s attempts to cut carbon emissions.

“The best place to be right now, particularly given the Fed pivot, are commodities,” said Jeff Currie, the bank’s global head of commodities research.

Lopez Obrador’s October claim that Trafigura transported contraband fuel caused some of the firm’s partners and clients including mining conglomerate Grupo Mexico to temporarily curtail business.

Russian oil giant Rosneft has selected Vitol, Trafigura and Glencore as the main buyers for its light oil products.

Chinese miners and raw material providers benefiting from higher commodity prices at the expense of manufacturers.