Petro Names Engineer to Lead Colombia Away From Fossil Fuels

  • Former min. Vélez quit following abuse of power allegations
  • Investors to look out for his stance on new oil contracts
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President Gustavo Petro is tasking electrical engineer Andrés Camacho to lead Colombia’s transition away from fossil fuels as his new Mines and Energy Minister.

He will replace Irene Vélez, who resigned last week following allegations of abuse of power. Camacho, who studied renewable energy and most recently worked as an adviser at the ministry, was initially set to head Colombia’s hydrocarbons agency known as ANH.