In the face of a mounting energy crisis, business leaders in Santander are urging the Colombian government to reopen the conversation on expanding the country’s energy sources, specifically, using techniques like hydraulic fracturing, better known as fracking.
Colombia could lose up to CoP$2.5T in fiscal revenue if the current downward trend in global oil prices continues, posing a significant challenge to the government’s efforts to balance its budget in 2025. This financial pressure adds to an already delicate fiscal landscape as the country grapples with slowing growth and a need to restore investor confidence.
The Comptroller General called for urgent reforms in the targeting and management of energy and gas subsidies.
A potential deal to import hydrocarbons from Venezuela sparked alarm in Colombia’s Congress, where lawmakers and trade officials warned it could lead to dire economic consequences, including the loss of thousands of jobs and billions in exports.
The Colombian government has consistently emphasized environmental protection as a cornerstone of its administration under President Gustavo Petro. However, a recent resolution issued by MinTransporte appears to contradict this commitment.
The Organization for Economic Cooperation and Development (OECD) released a report analyzing the public debt of its member countries, revealing a 10% increase in overall debt costs for 2024.
In 2015, Colombia signed the Paris Agreement, committing to reduce the exploration, production, and consumption of fossil fuels such as coal, natural gas, and oil.
The arrival of Edwin Palma as Colombia’s new Minister of Mines and Energy (MinEnergia) has triggered a massive reshuffle within the ministry and its affiliated entities. While changes were expected, the scale of the shake-up has surpassed initial predictions.
The Regional Autonomous Corporation of the Magdalena River (Cormagdalena) is preparing a comprehensive plan to restore navigability along Colombia’s most important waterway.
The 14th edition of Colombia Genera provided a valuable platform for industry representatives to emphasize the relevance of strengthening the mining and energy sector to boost the country’s competitiveness.
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