Colombia seeks US$40bil in sustainability investments

The country’s first left-wing president, Gustavo Petro, last year halted all new concessions for oil, coal and gas exploration as part of his government’s commitment to combat climate change. — Reuters

BogotA: Colombia says it is seeking US$40bil in investment to fund its ambitious plans to stop extracting fossil fuels as part of its transition to a low-carbon economy.

The country’s first left-wing president, Gustavo Petro, last year halted all new concessions for oil, coal and gas exploration as part of his government’s commitment to combat climate change.