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 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. The entity 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.
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