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Colombia's new president signals energy policy shift, backs oil and gas

  • Colombia’s new president vows to revive oil and gas production and rebuild state oil company Ecopetrol, rolling back key policies of his predecessor.
  • He says he supports an energy transition but insists it can’t weaken fossil-fuel capacity, and plans to authorize fracking under “strict” technical and environmental rules.
  • He warned of a critical energy situation — falling reserves, delayed projects and an imminent El Niño that could hurt hydropower — and pledged to strengthen the electricity system.
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