During a seminar with the La Esmeralda community in Acacías, Meta, the Labor Minister Rafael Pardo addressed issues surrounding social investment and environmental impact, but the hiring practices, especially those involving employment agencies generated the most discussion.
In Huila the issue of oil tankers on the roadways continues to draw the ire of local authorities, some of which have called on the national government to immediately suspend all oil tanker traffic in a meeting with national government officials.
The USO has finalized the collective bargaining schedule for this year after deciding to file a new list of terms and withdraw from its current collective bargaining agreement with Ecopetrol (NYSE:EC).
A combination of factors has Colombia set to experience a boom in its proven gas reserves as the government also prioritizes production and consumption of the resource.
The Ministry of Mines and Energy signed a memorandum of understanding with emission reductions organizations, Carbon War Room, during an event in the British Virgin Islands to encourage, implement and strengthen renewable energies in a policy view for the San Andrés Islands.
The mining and energy boom has brought economic benefits says Senator Jose Name, who also charges that the industry has destabilized the Colombian peso, wrecked local agriculture and carries grave social and environmental risks.
Incidents near areas of interest to the oil and gas industry were down slightly to 27 below recent and long-term averages. Non-Armed Forces-reported incidents were below average both in absolute terms and as a percentage of the total. This is our indicator of increased guerrilla-initiated activity. Our 4-week Moving Average incident count was down at 33.8 and the 52 week average was also down at 31.2 incidents per week.
Gran Tierra (TSX:GTE) had teased us with an announcement about its reserve additions in Peru but this week both it and Parex (TSX:PXT) published their full reports on reserves, including detail on Colombia in the case of GTE.
The controversy from last week’s headline’s that government agents were spying on delegates at the roundtable in Havana, Cuba did not spill over into this week, as congressional members look to alternatives to speed the stalling talks.
Local communities are not only active players in the extraction process they are also important for the process to be successful, and to do so agreements must be made and the government should play a strong role as observer and ensure that in detail that promises are met on both sides, according to an executive with Pacific Rubiales Energy (TSX:PRE).
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