Carlos Gustavo Cano, a former minister and a six-year member of the board at Ecopetrol (NYSE: EC), raised serious concerns about the company’s corporate governance.
The Ecopetrol Board of Directors has taken action in response to the ongoing controversy surrounding the company’s president, Ricardo Roa.
Ecopetrol (NYSE: EC) officially released the list of candidates for its new Board of Directors on its website.
In a public letter, Representative Juan Espinal, second vice president of the House of Representatives, expressed deep concern over Ecopetrol’s (NYSE: EC) significant profit decline last year.
Colombian President Gustavo Petro emphasized the urgent need for Ecopetrol (NYSE: EC) to transition to clean energy.
In a race against time, Ecopetrol (NYSE: EC) finds itself entangled in a tug-of-war over the government’s latest slate of candidates for its board of directors.
The company, MinHacienda and those sympathetic to the government quickly blamed Ecopetrol’s 43% drop in Net Income in 2023 on oil prices. Petro attributed it to the end of fossil fuels. The opposition blamed government mismanagement. Who is right or perhaps, what is the right balance between the various partial explanations?
Ricardo Roa, President of Ecopetrol (NYSE: EC), reiterated concerns about Colombia’s short-term gas deficit and discussed potential solutions, including the possibility of importing gas from Venezuela.
Ecopetrol (NYSE: EC) is gearing up for a new venture to further explore the natural gas potential in the Caribbean Sea.
Ecopetrol (NYSE: EC) and the Bucaramanga Chamber of Commerce are set to construct Colombia’s inaugural digital innovation lab in Bucaramanga.