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Petro warns state it will continue with plan to prevent new oil concessions

O presidente eleito Gustavo Petro com a vice-presidente eleita Francia Márquez, em evento em Bogotá no final de junho
President-elect Gustavo Petro with elected vice president Francia Márquez, at an event in Bogotá at the end of June| Photo: EFE/Mauricio Dueñas Castañeda

The president-elect of Colombia, Gustavo Petro, who will take office on August 7, warned this Tuesday () the state oil company Ecopetrol that it will advance its plan to make a transition for clean energy in the country, a project that has caused concern in the economic sphere.

“Don’t stop us. The popular vote is a mandate. I want to produce a consensus, but not ‘double’ the popular vote that wants clean energy,” Petro said in a message on his Twitter account, responding to a press article that talks about how the corporate governance of Ecopetrol, the largest company in the world, works. country, to protect shareholders.12185644

According to the article in the newspaper La República cited by Petro in his tweet, Ecopetrol’s Shareholders’ Meeting recently approved a change to increase the term of its Board of Directors, in which there are government representatives, from two to four years, so that the company’s management is independent. of the country’s political cycles.12185644

In this regard, Petro highlighted that “the public owner freely chooses its members in the companies that represent it. It is the representation of the people.”12185644

During the last presidential campaign, Petro highlighted that wants to move “from an extractive economy to a productive economy”, as well as stop new oil exploration in the country as part of the transition to clean energy.12185644

The fear that measures in this sense would affect Ecopetrol caused the oil company’s shares to fall sharply in the days following Petro’s election, although they later began to recover.12185644

In his victory speech, the president-elect also proposed that Latin American countries unite to dialogue with the United States and lay the foundations for an “energy transition” in the face of climate change.12185644

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