Ecopetrol, Colombia's leading company, is making significant strides in its energy transition plans by diversifying beyond oil. Recently, the company received approval from bondholders to update its corporate purpose, enabling it to engage in activities such as research, development, and operation of renewable energy sources including green hydrogen. This move reflects a strategic shift towards sustainability and aligns with global trends in cleaner energy. Additionally, Ecopetrol highlighted improvements in corporate governance with the appointment of independent directors. The commitment to decarbonize the economy under the current government is evident through partnerships with countries like Germany to advance green hydrogen research and expand renewable energy infrastructure. However, this transition poses challenges, considering that oil remains a crucial export for Colombia. The rising fuel prices and import dependence further complicate the shift. Despite these obstacles, the move towards renewable energy signifies a positive direction for both the environment and the economy, albeit requiring a sustainable approach.