Author Topic: Leftist Ex-Rebel Sworn in as Colombia's President in Historic Shift  (Read 240 times)

IroNat

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  • The only constant in life is change. – Heraclitus
Columbia will be the next Sri Lanka and Venezuela.

https://www.newsmax.com/world/globaltalk/colombia-president/2022/08/07/id/1082050/

Petro also formed alliances with environmentalists during his presidential campaign and has promised to turn Colombia into a “global powerhouse for life” by slowing deforestation and taking steps to reduce the country’s reliance on fossil fuels.

The incoming president has said Colombia will stop granting new licenses for oil exploration and will ban fracking projects, even though the oil industry makes up almost 50% of the nation's legal exports. He plans to finance social spending with a $10 billion a year tax reform that would boost taxes on the rich and do away with corporate tax breaks.