The president of Ecopetrol (NYSE:EC) Juan Carlos Echeverry said that Colombians are facing a “trilemma” and must decide whether to leave oil in the subsoil or convert it into resources which can be used for well-being and peace.
The USO took the time the last week to participate in a forum against a planned tax reform for this year, and argued that it will harm the finances of Colombia’s workers.
The Minister of Mines and Energy German Arce told his home department of Valle de Cauca that the government is clearing the path for a Pacific regasification plant in Buenaventura, but also could be creating a future conflict by insisting it would “be like having a Cusiana field” in the area.
The University of Los Andes and the Law-Firm Palacios Abogados organized a seminar about legal security and community conflict in the mining industry. Some topics discussed at the event are like those in the hydrocarbons sector; we bring a brief summary of the meeting.
Ecopetrol (NYSE:EC) has reported a considerable rise in robberies from its installations and oil infrastructure in Casanare, including the theft of cables, batteries, piping and metallic items, with the incident count up by 200% in 2016.
A public hearing in the Pesca Municipality of Boyacá for a seismic campaign by Maurel & Prom has again received strong community resistance after local leaders and environmentalists allege it would lead to a drought.
The USO accused Ecopetrol (NYSE:EC) of relying on the police to repress union members and force it to accept management’s agenda to leave the current collective bargaining agreement without changes.
The 2017-18 budget for the General Royalty System has passed through its first debate in the joint Senate and Lower House economic commissions, but the debate did uncover many of the complaints against the system and its results.
Ecopetrol (NYSE:EC) has handed out scholarships for rural residents to take on university studies, and distinguished 16 national initiatives with its innovation awards for 2016. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The two largest hydrocarbons-producing departments, Meta and Casanare, get special attention from national and regional media regarding their share and use of royalty funds. Both have a number of what DNP calls ‘critical’ projects.
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