Colombia Reverses Fracking Ban, Targets $4B in New Oil Investment

Colombia's new right-wing government is reversing a four-year ban on oil and gas exploration imposed by former President Gustavo Petro, aiming to attract $4 billion in foreign investment. The policy shift marks a significant reversal in Colombia's energy posture, though political and regulatory hurdles may slow implementation. This could boost Colombia's oil output and exports, affecting regional energy dynamics.