Former Minister of Mines and Energy (MinMinas), Luis Gilberto Murillo, spoke about what MinMinas and other environmental entities have asked Ecopetrol (NYSE:EC) to do to meet safety standards. The development of these and more stories in our periodic Eco summary.
Colombia is regulating the development of extractive activities in natural areas. The Senate, in extraordinary session, ruled on a new law that seeks to protect the páramos (high mountain tundra) of the country.
We have been very concerned about the civil disobedience caused by the ANH’s seismic investigation in Boyacá. There was a public hearing last Friday to discuss the situation and well-known industry figure, Jaime Checa attended. He brought back this report (with photos) which only deepens our concern.
Recently, we published an article about the mining industry in Cundinamarca. The departmental Controller was concerned that environmental licenses were not be properly monitored. A reader reacted to the article with an interesting recommendation and that got me thinking about the challenges of implementing it.
The governor of Boyacá, Carlos Amaya, called for the temporary and immediate suspension of a contract for an alleged fracking project in the department, and asked the National Hydrocarbons Agency (ANH) to educate the community about it.
Ecopetrol (NYSE: EC) reported in new oil spill in Colombia, this time the Magdalena river is affected. The NOC announced the activation of a contingency plan to deal with this situation.
The country’s Green Growth Commission, headed by economist Hernando José Gómez, announced its goals to achieve a ‘green economy’ in 2030.
The Colombian oil and gas sector is no stranger to ‘fake news’, especially when it comes to fracking. The ANH decided to reply to one of the most persistent stories.
The National Hydrocarbons Agency (ANH) plans to carry out a new oil auction scheme to increase exploration and production in the country. This has generated expectation in investors, since it opens the possibility of exploring new areas in the country with great potential.
The La Lizama story will not die. The Inspector General’s office has opened investigations against a number of Ecopetrol (NYSE:EC) executives and against senior leadership in the ANH, the ANLA and the Santander regional environmental authority (CAS). Two ECP VPs have been suspended for three months.
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