How Falling Investment is Threatening Colombia's Energy Future

For over a decade, since production peaked in 2013, Colombia’s economically crucial oil industry has been in decline. This, since controversial leftist President Gustavo Petro took office in August 2022, has only accelerated. Petro, himself a former leftwing guerilla organizer, entered office opposed to Colombia’s hydrocarbon sector with plans to wean the country off its economic addiction to oil and natural gas. While there are signs the Petro administration’s disapproval of Colombia’s oil industry is easing, there are…