News and AnalysIs for

Despite political and social problems, Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) remain firm in their decision to bet on Colombia’s potential.

Tourists found a dark spot in Coveñas, and although environmental authorities visited the area and confirmed that it was not an oil spill, local tourism and animals were affected by the issue. The development of these and more stories in our periodic Eco summary.

Representatives of Frontera Energy, Mansarovar Energy and Gran Tierra Energy (TSX: GTE) spoke about their efforts to protect biodiversity in their fields and preserve Colombia’s natural resources.

The ‘Alianza Colombia Libre de Fracking’ Environmental Movement sent a letter to President Juan Manuel Santos, asking him to reject fracking because according to several scientific studies, there is enough information to determine that this practice is harmful for Colombians health.

The development of unconventional projects is the main strategy to increase oil reserves in the short, medium and long term. However, this alternative is resisted or even rejected by many local communities. The business paper La Republica held a forum to talk about this situation.

Seems like the actions taken by Hocol and Ecopetrol (NYSE: EC) to control environmental emergencies in Purificación (Tolima) and Tumaco (Nariño), have not been enough for their communities. The development of these and more stories in our periodic Eco summary.

Last week the United Nations mission of environmental experts published its preliminary report on the La Lizama well, giving the ‘scandal’ another mediatic bump. This may be the last such flurry for a while, but the industry will be paying the consequences for some time.

Gustavo Petro, who continues to lead electoral polls along with Ivan Duque, spoke about his proposals regarding the mining-energy industry.

The Ministry of Mines and Energy (MinMinas), together with the Mining and Energy Planning Unit (UPME) and the Territorial Development Finance (FDT), presented the Energy Efficiency Awards for 2018.

The Casanare Administrative Court made a decision on the rupture of a flow line in the Casanare block which occurred in 2012. The National Agency of Environmental Licenses (ANLA), Corporinoquia and Perenco are involved in this case.