Representatives of the sector have been giving their opinion on the alternative of developing oil projects through fracking. German Espinosa, President of the Colombian Chamber of Goods and Services (Campetrol) spoke about this option and its implications in the country.
The General Comptroller´s office conducted an evaluation of the management of the National Environmental Licensing Authority (ANLA) during 2016. The results were negative.
The government is analyzing a decree that could help mitigate the tension between the industry and communities; so far, feedback on the infrastructure for taxes initiative has been positive. These and other stories in our Royalties periodic summary.
Ecopetrol (NYSE: EC) reported a substantial increase in ethanol production during July. Its subsidiary, Bioenergy managed to register significant growth despite environmental difficulties in the Llanos Orientales.
As part of its diversification strategy, Ecopetrol (NYSE: EC) expects to attain 40% of its production from gas within 13 years.
Companies like Terpel, Equion, Ecopetrol (NYSE:EC) and Geo Park (NYSE: GPRK) reiterated their commitment to social investment programs by boosting education opportunities in Colombia. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
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