3w ago

Colombia's president orders national oil company to cancel US venture over environmental concerns

apnews.com Colombia's president orders national oil company to cancel US venture over environmental concerns

Colombian president Gustavo Petro has ordered the state-run oil company Ecopetrol to cancel a joint venture with U.S.

Summary

Colombian President Gustavo Petro ordered state-run oil company Ecopetrol to cancel its joint venture with U.S.-based Occidental Petroleum (Oxy) over environmental concerns.

The $880 million project in the Permian Basin, set to produce 90,000 barrels per day, involved fracking, a practice Petro strongly opposes. He urged reinvesting in clean energy instead.

While Colombia bans domestic fracking, this marks the first time it has blocked an overseas fracking deal.

13 comments

I find it deliciously ironic that a man named Petro has so much animosity for the petrochem industry.
Nominative un-determinism?
- This is the first petrostate I feel like I can get behind.
- Perhaps motivated a bit by Trump's recent bullying by threatening tariffs.

I know he's not too popular at home but the more I hear about this guy the more I like him
- It sounds like all this could give him a boost?
  
  Standing up to trump will.

He recently visited Mexico and stayed at Palacio Nacional (the Mexican president current residence). There was no negotiation, talk, conference or any kind of diplomatic visit scheduled. He just came and stayed at our president's home. Petro, you dawg.
- And Mexico's president supports fracking. Even has a project of her own
  
  She definitely got fracked.