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Colombia Revives Oil And Gas After Four-Year Renewable Energy Push
['Alex Kimani', 'Alex Kimani Is A Veteran Finance Writer', 'Investor', 'Engineer', 'Researcher For Safehaven.Com.', 'More Info']
Oilprice.com
Over the past couple of years, Colombia’s clean energy transition has shifted into overdrive under President Gustavo Petro’s "Just Energy Transition" agenda, with the country pivoting away from fossil fuels towards wind and solar energy.
Petro, Colombia’s first ever left-wing president, instituted a strict ban on signing new oil, gas and coal exploration contracts while securing multi-billion-dollar international funding partnerships for clean energy projects.
However, Colombia’s fossil fuel sector is about to regain its dominance under the country’s newly elected, right-wing leader.
According to the new president, Colombia would still pursue an energy transition, but not at the expense of the country’s oil and gas industry, “I believe in the energy transition.
Thankfully, Colombia’s oil and gas sector is now looking forward to a new dawn.