Anonymous14 days ago
Colombia's May 31, 2026 presidential election pits leftist frontrunner Iván Cepeda, who favors a gradual energy transition, against right-wing candidates Abelardo de la Espriella and Paloma Valencia, both of whom promise to reopen oil exploration and permit fracking. With only 7–8 years of proven reserves remaining, a fiscal deficit projected at 7.1% of GDP, and the IMF demanding structural adjustment of over 3 percentage points, the outcome will determine whether Colombia accelerates extraction of its dwindling reserves or bets on a managed decline — a decision with consequences for hundreds of thousands of jobs, billions in foreign investment, and the country's climate commitments.