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The Comptroller General Office raised serious concerns about how the country is managing its oil and mining royalties.

Colombia stands at a pivotal moment in its energy policy, according to Frank Pearl, President of the Colombian Petroleum and Gas Association (ACP).

The Llanos Regional Collegiate Body of Administration and Decision (Ocad Llanos) approved CoP$84.7B in funding from Colombia’s General System of Royalties, under the 40% Regional Investment Allocation (AIR 40%), to benefit the departments of Arauca and Guaviare.

In response to recent comments from President Gustavo Petro, who declared that “it would be foolish to build our welfare on oil and coal,” the Colombian mining sector is pushing back, defending the strategic and economic importance of coal exports for the country.

Some of you may have seen this neuropsychology news last week: brain MRIs show optimists have similar brain processes but pessimists are unique. Also this week, US Energy Secretary, Chris Wright told The Economist optimistically that climate change is “not an existential crisis but a real, physical phenomenon that is a by-product of progress” and Colombian President Gustavo Petro pessimistically said that fossil fuel extraction “kills Colombia and kills humanity.”

In a move that has sparked controversy amid a looming energy crisis, the Colombian government has once again submitted a bill to Congress that would ban the exploration and exploitation of unconventional oil and gas reserves, including the use of hydraulic fracturing, or fracking. This comes despite the country’s mounting challenges in securing firm gas supplies for domestic demand.

During the recent summit of energy ministers from the Community of Latin American and Caribbean States (CELAC), hosted in Bogotá by the Ministry of Foreign Affairs and the Ministry of Mines and Energy (MinEnergia), Minister Edwin Palma announced the Colombian government’s intention to sign a confidentiality agreement to evaluate the potential acquisition of Monómeros.

The DIAN and DANE reported the behavior of Colombia’s imports during May this year.

In a fiery speech inaugurating Colombia’s new legislative period, President Gustavo Petro announced he will use all available legal mechanisms to ban coal exports to Israel, citing the country’s alleged involvement in crimes against humanity in Gaza.

At the Emergency Conference on Palestine held in Bogotá, Colombian President Gustavo Petro announced a decisive shift in the country’s energy and foreign policy.