Colombia inaugurated its new president, former leftist guerilla Gustavo Petro. The notoriously anti-oil president is already making moves to extract more revenue from the mining and oil industries. Colombia is now weighing a proposal to increase taxes levied on extractive industries by implementing a 10% export tax on oil, coal, and gold After an electoral victory , which shocked many in and outside of Colombia, long-time senator and former leftist guerilla Gustavo Petro was inaugurated as Colombia’s President last Sunday. The once controversial mayor of the capital Bogota campaigned on a platform of ending extractive industries in the Andean country, including banning hydraulic fracturing and ceasing the award of new licenses for oil exploration. That triggered considerable consternation among many analysts, industry insiders […]