Heat the extra virgin olive oil in a medium heavy-bottomed pot over medium heat.
Add the diced yellow onion and red bell pepper, sautéing for 5 minutes until the vegetables are softened and fragrant.
Increase the heat slightly and add the ground turkey, using a spatula to break the meat into small crumbles as it browns.
Stir in the chili powder, smoked paprika, ground cumin, sea salt, and black pepper, toasting the spices for 1 minute to release their natural oils.
Add the diced tomatoes, rinsed black beans, and water to the pot, stirring well to combine all ingredients.
Bring the chili to a simmer, then reduce the heat to low and cover, cooking for 15 minutes until the liquid has reduced into a thick, hearty sauce.