The boom of anti-oil referendums in producing regions keeps generating concerns in the industry. The municipalities are still trying to develop these mechanisms (despite the Constitutional Court’s ruling that they have no force) and the Yopal Council ruled on this issue.
Ecopetrol (NYSE:EC) spoke about its successful social investment projects in Arauca, Meta and Putumayo. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The Minister of Mines and Energy (MinMinas), Maria Fernanda Suarez, highlighted the importance of the industry for Colombia’s social and economic development, especially in the department of Santander.
After days of protests in Ecopetrol’s (NYSE:EC) Cupiagua field (Casanare), communities decided to sit down and talk. Here is what both parties agreed on. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The Vice Minister of Mines and Energy (MinMinas), Carolina Rojas, took the stage of the VIII Canada – Colombia Forum to talk about royalties, communities and the mining industry. We attended so our Bottom-Line goes beyond the MinMinas press releases.
The Minister of Environment (MinAmbiente), Ricardo Lozano, visited communities in Cauca to talk about their concerns in regards to a sustainable development. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The Colombian oil sector has faced times of great legal uncertainty in recent years due to the boom in anti-oil referendums. Many communities have spoken out against the development of oil activities in their territories. However, a case in favor of the industry happened in the municipality of Ortega in the department of Tolima.
National USO representative, José Marín Moreno, spoke about the new government and Ecopetrol’s (NYSE:SE) future, among other issues.
Once again, the NOC showed the benefits of the industry in the country, this time by granting scholarships to Colombia’s best students. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The oil sector continues to face legal and social uncertainty in Colombia. A ‘judicial battle’ between Ecopetrol (NYSE: EC) and people of Tauramena started several years ago due to the result of an anti-oil referendum, and it seems like this process continues, despite a recent court decision in favor of the NOC.