The Minister of Environment Gabriel Vallejo says that he wants to avoid creating green taxes, but instead install or enforce charges for actions that have an environmental impact.
The first round of talks in 2015 started on Monday, kicking off what President Juan Manuel Santos describes as “the most difficult stage” of the talks, as the issue of how to structure a post-conflict transition becomes the focus.
On Tuesday we published our index graph of retail fuel prices through February and the average of WTI and Brent in pesos as a proxy for the price of a barrel of oil. We noted that retail prices were 20 to 30% above where they were in January 2010 even though crude prices were 15% below.
A study conducted by the Colombian Petroleum Association and Burson Marsteller with 37 oil companies in Colombia found that more than half of them want to move investment to countries with lower tax rates like the USA, Brazil, Peru or Mexico.
Gas distributor Gases de Occidente says that it is rolling out an expansion plan that includes small loans to its end customers and a potential natural gas pipeline to Buenaventura.
The president of the Colombian Senate Jose Name says that natural gas shipments to Venezuela should be cut off and the gas should instead be used to supply the Caribbean coast at a lower cost.
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