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

Colombian President Gustavo Petro ordered Ecopetrol to cancel a joint venture with a U.S.-owned company due to environmental concerns.
The joint venture was expected to produce around 90,000 barrels of oil per day, according to the announcement.
Petro stated, "We are against fracking, because fracking is the death of nature and the death of humanity."
Environmentalists argue that fracking can pollute water sources and cause tremors.

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American Wire News

Colombia's president orders country to sell off all its state-run oil assets within the United States · American Wire News

Colombian President Gustavo Petro is apparently looking to go green, ordering the country to sell off all its state-run oil assets within the United States. During a cabinet meeting this week, he declared that Ecopetrol cannot be “for death and not for life,” issuing the order governing the joint operations of the company and American-owned Occidental Petroleum which was scheduled to produce around 90,000 barrels of oil daily. Petro now opposes …

17 days ago

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Fox Business

Colombia's president orders national oil company to sell US fracking operation after backing down to Trump

Colombian President Gustavo Petro ordered his country's state-run oil company to sell off its operations in the U.S. on Tuesday, saying they would reinvest the funds into green energy.Petro announced the move during a televised cabinet meeting this week, arguing the company, Ecopetrol, cannot be "for death and not for life." The order relates to a planned joint venture between Ecopetrol and the U.S.-owned oil company Occidental Petroleum, or Oxy…

17 days ago·United States

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The Rio Times

Colombia's Petro Orders Ecopetrol to Sell $880M US Fracking Assets

President Gustavo Petro has demanded state-run Ecopetrol sell its U.S. fracking operations, redirecting proceeds to renewable energy projects in Colombia. The directive, issued during a televised cabinet meeting, clashes with Ecopetrol’s newly expanded $880 million partnership with Occidental Petroleum (OXY) to drill 91 wells in Texas’ Permian Basin through 2026. Petro labeled fracking “the death […]

17 days ago·Brazil

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Oil Price

Colombian President Cancels Oil Joint Venture With U.S. Company

Colombia’s president, Gustavo Petro, has canceled a joint venture between state energy company Ecopetrol and Occidental Petroleum on environmental concerns regarding hydraulic fracturing. Bloomberg reported that Petro had shared his concern on national TV, saying he was against a recent expansion of the deal between Ecopetrol and Oxy because it involved fracking, going counter to his energy policy efforts, which center on the transition away fro…

17 days ago·London, United Kingdom

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Bloomberg

Colombia’s Leader Asks Ecopetrol to Sell Its US Shale Operation

Colombian President Gustavo Petro called on state oil producer Ecopetrol SA to sell its operations in the US, citing his government’s position against fracking, which he says is destructive to nature and humanity.

18 days ago·United States

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Associated Press News

+14 Reposted by 14 other sources

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

Colombian President Gustavo Petro on Tuesday ordered the state-run oil company Ecopetrol to cancel a joint venture with a U.S.-owned company that was expected to produce around 90,000 barrels of oil per day, citing environmental concerns.

18 days ago·United States

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