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Colombia's Petro calls for sale of Ecopetrol fracking operations in US

Colombia's Petro calls for sale of Ecopetrol fracking operations in US


Published on 2025-02-05 15:40:59 - Reuters
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  • Colombian President Gustavo Petro on Tuesday called for the sale of state oil firm Ecopetrol's fracking operations in the United States to invest in clean energy.

Colombian President Gustavo Petro has called for the sale of Ecopetrol's fracking operations in the United States, emphasizing his administration's commitment to phasing out fracking due to its environmental impact. Petro made these remarks during a speech at the World Economic Forum in Davos, highlighting that Ecopetrol, Colombia's majority state-owned oil company, has fracking assets in the U.S. which he believes should be divested. This move aligns with Petro's broader environmental policy aimed at transitioning Colombia towards renewable energy sources and away from fossil fuels, despite the economic implications for the oil-dependent nation. Petro's stance has sparked debate over the economic versus environmental priorities, especially as Ecopetrol explores fracking in Colombia, which remains a contentious issue.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/energy/colombias-petro-calls-sale-ecopetrol-fracking-operations-us-2025-02-04/ ]
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