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Judi Lynn

(160,542 posts)
Thu Jul 7, 2022, 08:16 PM Jul 2022

"There will be no fracking in Colombia", this is how President-elect Gustavo Petro put an end to thi

Google translation:

“There will be no fracking in Colombia”, this is how President-elect Gustavo Petro put an end to this discussion, although the markets get nervous

Analysts fear that these statements could further increase the already soaring price of the dollar.

In the midst of an atmosphere of expectation for not knowing what will happen in the future with the country's extractive industries and constant calls from analysts and experts for the transition from oil to the use of clean energy to be done gradually, the president-elect , Gustavo Petro, once again referred to one of the most sensitive issues these days in this matter: fracking.

Through his Twitter account, the leftist leader - who has never hidden his rejection of this technique - reiterated that during his government there will be no fracking, in a response to the renowned economist Jorge Restrepo.

. . .

It should be noted that the oil industry is one of the most concerned after Petro's victory in the second presidential round. Just look at what is currently happening with Ecopetrol's shares, which fell from 2,500 pesos and are currently unable to recover, despite slight falls.

More:
https://www.semana.com/economia/macroeconomia/articulo/gustavo-petro-anuncia-que-no-habra-fracking-en-colombia/202243/

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