Creditors of Colombia's state-run company, Ecopetrol, have approved a key statutory amendment that paves the way for the firm to advance its decarbonization plans. The amendment, supported by holders of local bonds, representing a significant portion of Ecopetrol's debt, allows the company to focus on non-conventional renewable energy development, carbon capture, and clean hydrogen production. This move reflects a positive sentiment towards Ecopetrol's commitment to cleaner energy sources. Despite the vote of confidence from bondholders, challenges lie ahead for Ecopetrol, particularly regarding its inability to generate electricity on a commercial scale due to its ownership stake in a power transmission company. Overcoming this hurdle requires the government to garner support to amend existing legislation. While progress has been made, industry observers highlight the need for additional steps to facilitate Ecopetrol's leadership in Colombia's clean energy transition. The company's strategy aligns with a broader global trend towards sustainable energy practices, marking a significant shift in the oil and gas industry towards cleaner alternatives.