Energy
Ecopetrol Board Blasts Anti-Oil President Petro’s Nominees as Unfit
- Committee report says candidates lack professional experience
- Government control means nominees likely to be elected anyway
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Board members of Colombia’s state oil company are objecting to President Gustavo Petro’s attempt to overhaul it with new directors as he works to wean the country off fossil fuels.
Ecopetrol SA’s governance committee issued a report Tuesday that said none of the five candidates proposed by Petro — elected in 2022 as Colombia’s first leftist leader — have the experience needed to run the company, according to an internal document seen by Bloomberg News. Representatives of Ecopetrol declined to comment. Petro’s office didn’t immediately respond to a message seeking comment.