Can Colombia Really Replace Oil And Gas Revenue?

Colombia’s new President, Gustavo Petro, wants to move the South American country away from fossil fuels and replace oil revenues with income from tourism, agriculture, and renewable energy.  Colombia has vowed to stop giving new oil and gas exploration licenses in a U-turn policy since Petro, a former leftist guerilla, took office last year.   But the oil industry in the country and various economists and analysts say that the move away from oil could have unintended consequences, such as shrinking the country’s export…