The Ministry of Mines and Energy (MinEnergia) confirmed that the industry entered Colombia’s Business Integrity Route: an initiative to fight corruption. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The State Council denied Ecopetrol’s (NYSE:EC) request to cancel the precautionary measure that stopped the development of fracking in Colombia, but clarified that the decision does not prevent the development of pilot projects.
Mining activities in most of Colombia’s regions could be affected soon. More than 92% of the municipalities that develop mining and oil activities in Colombia do not have their Territorial Organization Plan (POT) updated.