The National Planning Department has temporarily suspended royalty payments to 127 municipalities in 25 departments for not supplying information on the advance of royalty projects according to established timeframes. This and other stories on royalties in our periodic summary.
Casanare produces much oil and as a result, is also a focus for corporate social responsibility (CSR) projects, as well as repeated industry/community conflicts. To finish off 2015 and start the new year, we review a number of stories in our periodic summary.
The USO kicked off the new year by denouncing the policies of President Juan Manuel Santos and warned again that there are plans to hand over Ecopetrol’s (NYSE:EC) assets to private multinationals. A broad-scale national strike should be planned immediately, the union said.
For the first time, The National Planning Department (DNP) held an awards session to recognize the best use of royalty funds in an initiative called “Well Invested Royalties”, with top honors going to a governor and three mayors. This and other royalty related stories in our periodic summary.
Both Promigás and Ecopetrol (NYSE:EC) have received recognition for community programs and innovation, while the NOC says it has also successfully finished a number of Corporate Social Responsibility (CSR) programs in Huila and Nariño. These and other stories on CSR in our periodic summary.
The USO has taken up a new argument to criticize Ecopetrol (NYSE:EC), now accusing the NOC of weakening safety controls and covering up injuries and fatalities during the modernization process.
The latest controversy to hit the use of royalty funds: One of three contracts signed between 2012-2015 directly hired a contractor instead of using competitive processes.
Students, teachers and administrators in Barracabermeja say more OCAD support is needed for education infrastructure, as current programs do not address the gaps. This and other royalty related stories in our periodic roundup.
Ecopetrol (NYSE:EC) will begin work on providing gas services to 30,000 Colombian families in January 2016, meanwhile in Putumayo a community warns strikes could come over local hiring quotas. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
Cesar Loza has been voted in as the new president of the USO, and promised an action plan focused on defending the Barrancabermeja Refinery modernization project, observing the transition of the Rubiales Field and fighting against worker layoffs in the sector, among other objectives.
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