INTERVIEW: Ecopetrol plans large low-emission spending, but not quitting hydrocarbons

Colombia’s Ecopetrol has planned large investments in low-carbon businesses for the long run but will stay active in hydrocarbon exploration and production, according to its top executive, even as the country’s new government vocally opposes new oil and gas developments. In 2022, the state-controlled company promised annual capital expenditures of $5.2 billion-$6 billion through 2040 in its long-term strategy, targeting…