Colombia battles to diversify economy away from oil and gas

Q: How long will it take to read this news story?

The story "Colombia battles to diversify economy away from oil and gas" has 996 words across 31 sentences, which will take approximately 5 - 9 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Colombia battles to diversify economy away from oil and gas" was covered 6 days ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 8 news stories per day. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23508908</li><li>URL: https://beamstart.com/news/colombia-battles-to-diversify-economy-173130345938</li></ul>

Financial Times 6d ago

Colombia battles to diversify economy away from oil and gas - Financial Times

Quick Summary:

Now, the government predicts that by 2027, it will be 50 per cent hydro, 26 per cent wind and solar, and 24 per cent fossil fuels.

In 2022, 66 per cent of the country’s grid was generated by hydropower, 32 per cent by fossil fuels, and 2 per cent by wind and solar.

President Gustavo Petro’s administration has stopped issuing new oil drilling and exploration contracts and, in December last year, became the first significant oil and coal producer to sign up to the Fossil Fuel Non-Proliferation treaty, which promotes the elimination of fossil fuel extraction worldwide.