Bogota´s District Administration has levied a CoP$4.474B (US$1.42M) fine on Petrobras (NYSE:PBR) for a fuel leak detected at one of its fueling stations in 2010. This and other environmental stories in our periodic summary.
Geopark (NYSE:EC) said that both its oil and gas production has risen in the third quarter of 2016, which grew revenues 8% compared to the prior quarter, but its operation still resulted in a loss for the period.
The Ministry of Mines and Energy (MinMinas) said that it has delivered resources from its production incentive program to benefit both victims of the armed conflict and environmental recovery in the Cesar Cepartment.
The president of Ecopetrol (NYSE:EC) Juan Carlos Echeverry said that Colombians are facing a “trilemma” and must decide whether to leave oil in the subsoil or convert it into resources which can be used for well-being and peace.
We have been tracking some questions for several editions of our Quick Pulse survey and that allows us to look at how pessimism has changed over the recent past; the evolution of ‘bad’ if you will.
Government negotiators and Farc spokespersons announced that a new peace agreement had been achieved. However, I wonder if this really means that we are closer to the post-conflict in Colombia or whether this is still way off in the distance.
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