The Foundation for the Rule of Law (FED Colombia) joined the chorus of voices raising concerns about Colombia’s impending risk of losing its energy security and sovereignty in the field of hydrocarbons.
In the journey towards energy transition with alternative sources, encouraging achievements reflect a growing global awareness of the issue.
Environmental licenses remain a significant obstacle for various energy projects in Colombia, posing challenges for the industry and its stakeholders and becoming a major cause of delays, ultimately jeopardizing the country’s energy security.
President Petro urged the Ministry of Labor (MinTrabajo) to take charge of the labor reconversion of miners in La Guajira to prevent them from ending up jobless.
The oil and mining sector was responsible for 34.3% of Colombia’s foreign direct investment in 2023, but taxes are affecting this.
The Inspector General’s Office has issued a warning regarding the possible increase in gas tariffs along the Colombian coast.
The Constitutional Court agreed to consider a fiscal impact incident presented by the Minister of Finance (MinHacienda), Ricardo Bonilla, against the ruling that declared unconstitutional the prohibition of deducting royalties from the income tax of non-renewable natural resource exploiters.
At the recent Naturgas Congress in Cartagena, experts emphasized the importance of coordination and complementarity in advancing energy transition through gas.
Colombia’s Central Bank (BanRep) released Foreign Direct Investment (FDI) figures as of March 2024. Here are the details.
President Gustavo Petro proposed a strategic alliance between Colombia’s leading oil company, Ecopetrol (NYSE: EC), and Brazil’s Petrobras.
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