Shares in Colombia's majority state-owned energy conglomerate Ecopetrol fell 2.20% in early trading to 2,005 pesos ($0.48) each on Wednesday after the country's President Gustavo Petro called for the company to sell its U.

Colombia's President Gustavo Petro has instructed state-run oil company Ecopetrol to cancel its joint venture with the US-based Occidental Petroleum (Oxy) due to environmental concerns. The venture, which involves the fracking method of oil extraction,

Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the US, citing his government’s position against fracking, which he says is destructive to nature and humanity.

By Luis Jaime Acosta BOGOTA (Reuters) -Colombian President Gustavo Petro on Tuesday called for the sale of state oil firm Ecopetrol's fracking operations in the United States to invest in clean energy.

Colombian President Gustavo Petro ordered the state-run oil company Ecopetrol to cancel a joint venture with a US-owned company, citing environmental concerns. The partnership was expected to produce around 90,000 barrels of oil per day.

Colombian President Gustavo Petro killed a deal between his state-run oil company and a U.S. counterpart, weeks after backing down to President Trump.