The Colombian Petroleum Engineers Association (ACIPET) has been a vocal advocate for rational debate on many of the industry’s social and environmental issues. Late last week they issued this press release on the fracking debate and kindly gave us permission to produce an English translation.
The government pledged to reduce pollution by signing the Paris agreement and ethanol is key in this process. Industry representatives spoke about Colombia’s capacity to meet the new ethanol demand.
The National Environmental Licensing Authority (ANLA) announced measures on data collection for environmental studies in the extractive sector. The entity said that this positions Colombia as an international example.
The Comptroller General, Edgardo Maya, asked the Minister of Finance (MinHacienda), Mauricio Cárdenas, to analyze the option of unifying the bank accounts where the resources from the General System of Royalties (SGR) are kept.
The Administrative Court of Casanare made a decision on El Portón project. Communities took legal action against this project and Gran Tierra Energy (TSX: GTE) had to stop activities there some months ago. However, a new chapter is beginning in this process.
The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about the challenges and opportunities of the industry in Colombia and other Latin American countries.
There was much prior speculation about perverse outcomes and a colossal logistical failure but in the end the expected happened and the top two ranked Presidential candidates made it through their respective primaries. The elections for Congress and Senate were more interesting.
Colombia is analyzing new energy alternatives to reduce pollution rates and expand its energy matrix. Senator José David Name spoke on this topic and key issues such as regulation.
The OcadPaz reported positive results. However, irregularities in royalties’ resources for Casanare, Vaupés and the Caribbean region are a cause for concern. These and other stories in our periodic Royalties summary.
The candidates debated about Colombia’s reserves, fracking and royalties.
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