Ecopetrol (NYSE:EC) activated its contingency plan in the municipality of Cubará (Boyacá), after receiving reports of an oil spill in a local water source. The development of these and more stories in our periodic Eco summary.
The possibility of implementing unconventional techniques such as fracking has generated much discussion and speculation in the country. Rodrigo Suarez, Director of the National Environmental Licensing Agency (ANLA), spoke on this subject and rumors about possible licensing procedures to allow this technique.
Carlos Leal, Head of the Colombian Association of Petroleum Engineers (Acipet), spoke about the industry’s situation and the role of Petroleum Engineers to guarantee the sector’s sustainability.
Industry Associations have called for the implementation of fracking to avoid self-sufficiency issues. However, this alternative is still a cause for concern among different sectors of the Colombian society.