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MinAmbiente explains benefits of green taxes

The Minister of Environment (MinAmbiente) Luis Gilberto Murillo explained that green taxes, like a levy on carbon emissions, are important for Colombia’ sustainable development and for meeting the country’s environmental goals.

Wednesday, December 21st, 2016
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Eco Summary: Surface oil in Santander a cause for concern

Hocol’s permit to develop the Toldado field was suspended by Cortolima due to environmental requirements and Ecopetrol (NYSE:EC) had to take action on alleged leaks detected in Santander. These and other environmental stories in our periodic summary.

Wednesday, December 21st, 2016
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ELN, Narcos taking toll on Ecopetrol finances

ELN, Narcos taking toll on Ecopetrol finances

Now a larger problem than attacks on pipelines or facilities, the illegal drug and mining trade and groups linked to the ELN guerrilla which steal crude using illegal valves has become one of Ecopetrol’s (NYSE:EC) primary concerns, and the activity also damages the ecosystem.

Wednesday, December 21st, 2016
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Gas reserves more critical than crude, says UPME

Gas reserves more critical than crude, says UPME

The Energy Mining Planning Unit (UPME) has updated its interim natural gas plan and warned that even though there are more years of natural gas reserves in the country than those of crude, this fuel has more worrisome consequences if supply becomes scarce. The UPME reinforced plans for importing.

Tuesday, December 20th, 2016
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Congress eyes taxes for natural gas

An attempt by congressional members to place a tax on natural gas brought about a quick rejection from the Colombian Natural Gas Association (Naturgas). Lawmakers appear to have backed down, but it raises a number of questions as to the tax strategy for fossil fuels.

Tuesday, December 20th, 2016
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CSR Summary: Ecopetrol awards projects in rural areas of Meta, Casanare and Vichada

Ecopetrol (NYSE:EC) budgeted over CoP$10B for projects to improve the conditions and quality of life in communities of Meta, Casanare and Vichada. These and other Corporate Social Responsibility (CSR) projects in our periodic summary.

Tuesday, December 20th, 2016
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