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Colombia Election Weighs On Future of Oil Sector

Colombia Election Weighs On Future of Oil Sector

PUERTO WILCHES, Colombia—In a baking-hot town in the middle of vast palm-tree plantations, engineers and geologists are preparing a pilot fracking program that they say could keep Colombia energy-independent for decades while increasing exports to the U.S.

But the project—as well as Colombia’s oil industry itself—could enter a rocky period after Sunday’s presidential elections, in which voters will choose between two antiestablishment candidates who say they oppose fracking and favor transitioning toward renewable energy sources.

Source: https://www.wsj.com/articles/colombia-election-weighs-on-future-of-oil-sector-11655397102