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Colombia Reverses Fracking Ban, Targets $4B in New Oil Investment
OilPrice.com·CO·2 days ago
Colombia's energy regulator (CREG) approved two measures under the 'Energy Plan YA' to preemptively manage electricity demand ahead of an anticipated El Niño event. One measure incentivizes users to cut monthly consumption by over 10% versus individual targets. This signals proactive policy to mitigate potential supply stress, though the severity of El Niño's impact remains uncertain.
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