Although this mechanism is new in Colombia, it already works in countries like Peru with positive results, and could change the course of the Colombian post-conflict process.
The boom in popular referenda against the oil and mining sector has generated many concerns and debate in the country. The Government’s strategy to stop this wave was to say that it lacked the resources to finance them, but this has generated a new controversy with communities.
The Works-for-Taxes program is one of the most interesting ideas by the Colombian Government that we have seen in a long time. It is long-established in Peru and companies that saw it work there have advocated for its adoption in Colombia.
The Embassy of Canada organized a talk about Peru’s experience in prior consultations. Presenting was Tiffany Bayly, Member of the Social Affairs Committee (CAS) of the National Petroleum and Energy Mining Society of Peru. HCC was present at the event and we bring a brief summary of the meeting.
Colombia has had an ongoing discussion on the effects of the oil sector in the regions in recent years, and social unrest has affected the operations of the industry throughout the country. Respected survey house, Centro Nacional de Consultoria, conducted a study to understand the inhabitants of Yopal perception about the oil sector activities.
Ecopetrol (NYSE: EC) and Equion stood out for their successful CSR projects that benefited communities in the departments of Casanare and Meta, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Social investment in the oil sector has evolved into a mechanism that allows the integration of environmental and social factors for the benefit of communities.
The Colombian Association of Petroleum Engineers (ACIPET) has been one of the most active groups to defend the sector of anti-oil referendums. The association sent a letter to the Constitutional Court about this issue.
The intention to carry out anti-oil referendums continues to grow in different regions of the country, affecting the investors’ confidence and the industry development in Colombia. Communities will conduct a new consultation in the department of Huila.
The Inspector General’s Office started an investigation for alleged irregularities in the handling of foreign resources to be allocated in the post-conflict process. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
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