Different governmental entities spoke about proposals to improve environmental issues. The development of these and more stories in our periodic Eco summary.
The Colombian government pledged to reduce pollution by signing the Paris agreement. Authorities have made changes to achieve these agreements, and ethanol is key in this process. Representatives of the sector expressed their opinion on Colombia’s capacity to meet the new ethanol demand.
The president of the Colombian Natural Gas Association (Naturgas), Orlando Cabrales, proposed a reform to Colombia’s royalty system.
The National Environmental Licensing Authority (ANLA) announced measures on data collection for environmental studies in the extractive sector. ANLA said that this positions Colombia as an international example.
The union welcomed the decision of the Ministry of Labor (MinTrabajo), to fine Ecopetrol (NYSE: EC) for an alleged violation of trade union rights.
Just over a month ago we looked at the UPME’s latest demand forecasts, focusing on the potential supply shortfall. This time, we look a little deeper at demand especially where it comes from, both in terms of sector and region.
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