Costa Rica’s Legislative Assembly is moving forward with a bill to ban oil and gas exploration and exploitation, continuing a moratorium that has been in place since 2002, aligning with the commitment to renewable energy, with the country already generating over 98% of its electricity from renewable sources and aiming for carbon neutrality by 2050. The consideration of reevaluating the nation’s stance on oil and gas exploration comes amid concerns over rising fuel costs and its impact on consumers and the government’s finances.