Let’s leave oil in the ground, let’s transform institutions instead
The arrival of Gustavo Petro and Francia Márquez to government in Colombia has come as a shock to many, including leftist governments, that think of development based on extractivism.
Venezuela: The country that didn’t sow oil
At the end of the 1990’s, before Chávez came to power, PDVSA was ranked as the fourth most important oil company in the world according to the American Petroleum Institute’s ranking. Today it occupies the last place among 253 oil companies.