Latin America stocks in reversal of fortune, start year with gains in renewables, ESG shares

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By Trey Thoelcke Updated Published
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Latin America stocks in reversal of fortune, start year with gains in renewables, ESG shares

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(Michael Molinski is a senior economist at Trendline Economics. He’s worked for Fidelity, Charles Schwab and Wells Fargo, and previously as a foreign correspondent and editor for Bloomberg News and MarketWatch.)

MEXICO CITY (Callaway Climate Insights) — ESG investing in Latin America in 2023 is off to a good start, and the outlook for the rest of the year looks promising.

ESG investing in 2022 was not a good year. It was a year when mining and fossil fuels outshined many investments as a result of the Ukraine crisis and the ensuing high oil prices and supply shocks for raw materials like iron ore and fertilizers.

“The combination of elevated inflationary pressures, geopolitical tensions, and an energy crisis following Russia’s invasion of Ukraine precipitated a volatile backdrop for sustainable investments,” says Sarah Hargreaves, head of sustainability for Massachusetts-based Commonwealth Financial Network.

The year 2022 also brought high demand for lithium to fuel electric-vehicle batteries, and companies like Chile’s Sociedad Quimica y Minera benefited from it by soaring 50% over the past year.

Opportunities for 2023…

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Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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