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Modification to the Environmental Penalty Regime: uncertainty regarding its application

A few weeks ago, we attended a meeting of the Colombo-Canadian Chamber of Commerce’s Mining and Energy Committee, which was held in the offices of Dentons Cardenas & Cardenas. The topic concerned changes to Colombia’s environmental sanctioning law and while the industry hopes never to have to confront a sanctionable situation, it is important to understand the penalties and how they might be assessed. We asked Maria Margarita Lorduy, Head of the Environmental Law Department at Dentons Cardenas & Cardenas to provide our readers with a brief overview.

Sunday, September 15th, 2024
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Gas reserves and prices

Gas reserves and prices

Colombia faces a potential surge in gas prices as domestic reserves dwindle, and the government remains opposed to new hydrocarbon exploration projects.

Thursday, September 12th, 2024
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Frontera announces share buyback

Frontera Energy (TSX: FEC) announced a substantial issuer bid.

Thursday, September 12th, 2024
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Ecopetrol’s fracking policy dilemma

Colombia’s Minister of Mines and Energy (MinEnergia), Andrés Camacho, talked about the future of Ecopetrol’s fracking projects.

Thursday, September 12th, 2024
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Gas exploration tender was canceled

On August 29, 2024, Colombia’s National Hydrocarbons Agency (ANH) revoked Resolution No. 0406, which had initiated a public tender for the San Ángel 3 gas exploration project.

Thursday, September 12th, 2024
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Unlocking Colombia’s energy potential

Unlocking Colombia’s energy potential

Juan Carlos Echeverry, former CEO of Ecopetrol (NYSE: EC), wrote an article about the energy heart of Colombia.

Wednesday, September 11th, 2024
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Acipet’s message

After three days of intense academic and technical discussions focused on the future of Colombia’s energy industry, the 2023 edition of the Petroleum, Gas, and Energy Congress, organized by Acipet, concluded with a strong call for coordinated efforts to revitalize this crucial sector.

Wednesday, September 11th, 2024
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New attack on CCL

A new attack on the Coveñas Caño Limón (CCL) oil pipeline was reported, by Cenit, a subsidiary of Ecopetrol (NYSE: EC).

Wednesday, September 11th, 2024
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Plans to regulate carbon markets

Colombia’s Minister of Environment (MinAmbiente), Susana Muhamad, announced the government’s new framework for regulating carbon markets.

Wednesday, September 11th, 2024
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Oil and mining FDI

Oil and mining FDI

Colombia’s Central Bank (BanRep) released Foreign Direct Investment (FDI) figures as of July 2024. Here are the details.

Tuesday, September 10th, 2024
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