The government's decision to sell fracking operations in the U.S. has been presented in some headlines as a fiscal loss, reduced to the economic loss the nation will receive. However, the measure is based on much broader criteria that go beyond the financial aspect.
First, we consider the environmental impacts associated with the exploitation and consumption of fossil fuels. Colombia, like other countries, faces pressure to mitigate climate change and meet international commitments aimed at reducing greenhouse gas emissions.
Second, the government argues the need to address public health factors. Air pollution from fossil fuel use is linked to respiratory and cardiovascular diseases, generating human and economic costs that outweigh the immediate gains from royalties and taxes.
The measure also responds to humanitarian and social reasons: reducing dependence on oil is part of a sustainability approach that seeks to protect vulnerable communities, preserve territories, and ensure a just energy transition.
Finally, the president argues that the decision should be seen as a step toward long-term sustainability for the human species. Reducing dependence on hydrocarbons not only protects the environment but also strengthens the country's ability to diversify its economy and ensure the well-being of future generations.
This has been the first administration that, while defending everything that benefits human health, has managed to maintain a balanced economic outlook. Despite some difficulties, the figures show sustained economic growth, a reduction in unemployment, a recovery in tourism, an increase in coffee exports, and improvements in other indicators. These results contradict the narratives of opposition groups and those who expressed fears about the president's oil policy.
Sources cited:
1) DANE. *Labor market indicators* (unemployment and employment). https://www.dane.gov.co/index.php/estadisticas-por-tema/mercado-laboral
2) Banco de la República. *Monetary Policy Report* (economic growth). https://www.banrep.gov.co/es/informe-politica-monetaria
3) Ministry of Commerce, Industry and Tourism. *Inbound Tourism Report*. https://www.mincit.gov.co
4) National Federation of Coffee Growers. *Export Report*. https://federaciondecafeteros.org
5) Ministry of Environment and Sustainable Development. *Energy Transition Strategy*. https://www.minambiente.gov.co
6) World Health Organization (WHO). *Air Pollution and Health*. https://www.who.int/health-topics/air-pollution
7) United Nations. *2030 Agenda for Sustainable Development*. https://sdgs.un.org/es/2030agenda