A year after a blockade and protest led to intervention from riot police and national attention, residents in Valparaiso, Caquetá have again opposed reactivated exploration activities. This depicts the challenge for the industry to reach areas with potential for oil production that have previously been off limits due to the armed conflict.
It seemed only inevitable that with several weeks of advances at the peace talks in Havana that there would be setbacks. This week one of the Farc’s factions said it would not give up its arms, and a confusing incident between the guerrilla and the military shows how fragile the peace actually is.
Another conflict brewing in Putumayo has come about after a community fully-rejected a seismic program in its territory during a prior consultation, but the license was granted, providing a test case on the limits of the process.
Ecopetrol (NYSE:EC) has signed onto one of the largest efforts in Colombia to protect endangered wildlife species, in conjunction with the Wildlife Conservation Society (WCS) and others. This and other environmental stories in our periodic summary.
The Finance Ministry’s (MinHacienda) plan to cover medium-term gaps in its budget created by a loss of oil income are drawing skepticism from analysts, who doubt that tax increases, a widened deficit and a “new economy” based on new and traditional sectors will cover the lack of oil income.
In Meta the Vice Minister of Labor Francisco Javier Mejía said that only 6000 jobs have been shed in recent months, less than what has been reported, while Ecopetrol (NYSE:EC) says that its local hiring in the department is meeting its promises. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
2025, Hydrocarbons Colombia, All Rights Reserved.
