The Colombian government wants to reduce pollution levels and biofuels are positioned as one of the main alternatives to achieve that goal. The National Federation of Biofuels of Colombia (FedeBiocombustibles) spoke about the benefits of this industry.
Parex (TSX: PXT) spoke about the environmental emergency that the community of San José del Bubuy, in Aguazul (Casanare), recently reported to the local press. The development of these and more stories in our periodic Eco summary.
Colombia’s Central Bank (Banrep) released final 4Q17 Foreign Direct Investment (FDI) figures for the country. This increased considerably in the sector compared to same period last year. Total FDI grew as well.
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.
The dispute between Ecopetrol (NYSE: EC), its outsourced workers and the USO is ongoing, affecting activities at Barrancabermeja’s refinery and Reficar.
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