Ironic that anti-oil Colombian President Gustavo Petro should lead a so-called “petrostate”, a country with an above-average dependence on petroleum for its economy and especially its government revenues. However, an updated study by Carbon Tracker of countries threatened by energy transition shows Colombia in a low risk category.
During the opening of the 43rd Tourism Showcase hosted by the Colombian Association of Travel and Tourism Agencies (Anato), President Gustavo Petro emphasized the country’s transition from reliance on oil and coal revenues to earnings from tourism.
Colombia faces a critical crossroads in its energy strategy, with the government signaling plans to import gas from Venezuela.
Carlos Gustavo Cano, a former minister and a six-year member of the board at Ecopetrol (NYSE: EC), raised serious concerns about the company’s corporate governance.
The Ecopetrol Board of Directors has taken action in response to the ongoing controversy surrounding the company’s president, Ricardo Roa.
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