Colombia's New Government Prepares Fossil Fuel Comeback
On 21st June, conservative Trump-endorsed candidate Abelardo de la Espriella won Colombia's presidential election by a narrow 1% margin over socialist Iván Cepeda. He will be sworn in on 7th August, signaling a sharp reversal of outgoing leftist President Gustavo Petro's policies. Petro had championed a green energy transition, increasing renewable capacity from 200 to 3,600 MW and reducing fossil fuel dependence. De la Espriella, known as 'The Tiger,' has pledged to exploit fossil fuels fully, redirect state oil company Ecopetrol toward hydrocarbons, and loosen environmental regulations. He also plans to build 10 mega-prisons modeled on El Salvador's approach. Colombia's oil reserves are declining, and the country holds only 0.1% of global proven reserves. The policy shift is expected to halt climate progress, with former environment minister Susana Muhamad warning of a return to the 'mining locomotive' model. The economic context includes a 6.4% deficit in 2025, with fossil fuels contributing about 5% of GDP.
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