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As part of his energy and climate campaign promises, Colombian President-elect Gustavo Petro’s intention to halt oil exploration and pilot fracking projects and accelerate the transition to renewable energy raises questions about the direction of energy policy in the country.
As Latin American countries reassess their energy policies in light of lower oil prices, there is an opportunity to apply lessons learned from the US experience to enact regulations that mitigate environmental risks, strengthen public support, and attract investment.
Given their close proximity to the United States, LAC countries are well-positioned to capitalize on the surplus of US gas exports and current buyer’s market.
