Luis Gilberto Murillo has been named by President Juan Manuel Santos as the new Ministry of Environment. What will the former governor of Chocó and a mining engineer with formal training in the USSR bring to this embattled position?
USO president Cézar Loza warned that Ecopetrol (NYSE:EC) president Juan Carlos Echeverry and its board of directors have a plan to dismember the NOC and sell it off like the government did with energy producer Isagén.
Before the controversy surrounding the environmental license of Hupecol in La Macarena emerged Colombia had already received global attention for being a leader in the number of environmentally related conflicts, second only to India.
The ELN guerrilla has an enormous debt with Colombians due to the damage to the environment from its continued attacks over the years, said the government’s lead negotiator in talks with the group, Frank Pearl.
Could Colombia use unconventional blocks to attract new investment, despite the low price of oil? As unlikely as it seems, there is already one successful example.
The Colombian Association of Oil Engineers (ACIPET) issued a statement regarding the reversal of Hupecol’s environmental license in La Macarena, and warned of a growing stigmatism of the oil industry and its activities. The result is heightened legal uncertainty and a lack of respect for the industry’s professionals.
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