Recent developments in Colombia highlight growing discontent among mining communities and labor unions over the government’s energy transition agenda, particularly its stance on coal production and exports in La Guajira and Cesar.
The Amazon presidential summit in Bogotá closed with partial agreements but without the headline demand from Indigenous communities, scientists, and civil society: a ban on fossil fuel extraction in the rainforest.
In a sharply worded opinion piece, Aquiles Mercado, Vice President of Finance and Administration, warned that Colombia may be falling into what he calls “Energy hubris”, an arrogance that could cost the country its energy sovereignty.
The president of Colombia’s oil workers’ union, Unión Sindical Obrera (USO), César Loza Arenas, called on Ecopetrol (NYSE: EC) to step up exploration of oil and gas in the country, warning that the state-owned company cannot wait until “the pot is scraped clean.”
The agricultural sector emerged as one of the key drivers of Colombia’s economy in 2024. By the third quarter, it was the fastest-growing sector, expanding at an annual rate of 10.7%. After coffee, which had an exceptional year, permanent crops such as sugarcane showed the highest growth.
Women in Mining Colombia (WIM) recently expressed their deep sorrow over the passing of Marianna Boza, a leader who championed gender equity and promoted the extractive industry in the country.
Swedish activist and academic Andreas Malm made a bold proclamation during a conference in France over the weekend, predicting the demise of Colombia’s oil industry within a decade.
Juan Carlos Echeverry, former president of Ecopetrol (NYSE: EC) and ex-minister of Finance, discussed leadership and the future of the company in his recent book, ‘Salvar a Ecopetrol, liderazgo en tiempos de crisis’ (Saving Ecopetrol, leadership in times of crisis).
The recent announcement by the International Energy Agency (IEA) regarding a significant global crude oil production deficit in late 2023 has raised concerns about potential volatility in oil prices. How might this affect Colombia’s economy?
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