Colombia’s Oil Industry Faces Major Uncertainty

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Post-FARC peace treaty violence is at an all-time high with 2021 on track to be the most violent year in Colombia in a decade. Massacres and violent crimes, including the murders of community leaders and former FARC combatants, have soared since President Duque took office in August 2018. That is being fueled by a weak economy, high unemployment, growing poverty and deep socioeconomic inequality, all of which were sharply amplified by the coronavirus pandemic and the Duque administration’s desperate measures to contain the disease.

The national government’s attempts at tax reform, which if approved by Colombia’s congress would have increased the tax burden for most Colombians, sparked nationwide anti-government protests in a country wracked by political turmoil. The marches swelled in numbers and lasted around six weeks as people from all walks of life protested the Duque administration’s violent suppression of protests which saw…

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