The energy landscape is a shifting terrain, full of twists and turns, according to statistics in the latest report by the International Energy Agency (IEA). While some countries are backtracking on phasing out fossil fuels, others are leaning in. While investment in renewables is surging beyond investment in fossil fuels, companies are repeatedly pulling out of climate commitments. Questions of energy security, stability, inflation, war and domestic politics are all influencing these trends, economists say. Amid this volatile landscape is Colombia, a major oil-producing country where government officials say they will stay the course on their fossil fuel pledges. Since 2023, the government has halted all new oil and gas exploration contracts. And during a U.N. forum on Indigenous issues, t
Oil ‘does not guarantee stability’: Colombia’s environment minister on energy transition

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