New Ecopetrol (NYSE:EC) CEO Juan Carlos Echeverry made positive (although qualified) comments about fracking. Newspapers picked them up but those were the first positive reports we had seen for a long time.
Putumayo entities have suspended a dialog with the government and threatened another strike, while Parex commits to building another road in Aguazul. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
As part of its strategy to increase the longevity of Colombia’s proven crude reserves the National Hydrocarbons Agency (ANH) wants to grow the average recovery factor to 35% from the current average of 18%, by 2020.
The General Comptroller’s (CGR) environmental delegate office said that the National Hydrocarbons Agency (ANH) has exposed the environment and country to undue risks by not doing further studies into the impact of fracking before including blocks in the Colombia Round 2014. The CGR also announced it will be focusing more on the use of royalty funds and plans a series of audits and inspections in the second half of this year.
Juan Carlo Echeverry spent his first day as president of Ecopetrol (NYSE:EC) on Monday, April 6 speaking with the outgoing president Javier Gutiérrez, presiding over his first board of management meeting and touring the NOC’s headquarters in Bogotá.
Union and community members across the country march to protect water resources, meanwhile Ecopetrol reminds locals not to eat turtle and iguana meat during Easter week. These and other environmental stories in our periodic wrap up.
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