Colombia seeks $40bn in investment towards energy transition
Bogota (AFP) Oct 3, 2024
Colombia said Wednesday it is seeking 40 billion dollars in investment to fund its ambitious plans to stop extracting fossil fuels as part of its transition to a low-carbon economy. The country's first left-wing president, Gustavo Petro, last year halted all new concessions for oil, coal and gas exploration as part of his government's commitment to combat climate change. "We are shifting
Colombia said Wednesday it is seeking 40 billion dollars in investment to fund its ambitious plans to stop extracting fossil fuels as part of its transition to a low-carbon economy. The country's first left-wing president, Gustavo Petro, last year halted all new concessions for oil, coal and gas exploration as part of his government's commitment to combat climate change. "We are shifting