Colombia Has Oil, but Voters Want to Keep It Underground

Viernes, Septiembre 8, 2017 7 de septiembre, 2017 - 6:00 GMT-5 - By: Matthew Bristow
..."A change in 2011 to the way Colombia apportions oil and mining royalties has inadvertently stoked opposition to projects in communities such as Arbeláez, according to Leonardo Villar, director of Fedesarrollo, a Bogotá-based economics research group. Many municipalities experienced a windfall during the recent era of high oil prices, but much of the money was stolen or squandered by local politicians, Villar says."...

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