Colombia’s oil and gas sector is suffering from heightened pessimism among investors and lowered trust which could result in private firms abandoning plans or projects in Colombia if no change occurs said Lisa Viscidi, director for energy, climate change and extractive industries with Washington DC based Interamerican Dialogue.
The 2014-2018 collective bargaining agreement took 40 days of formal negotiation and 15 days to write, and has not yet been in effect for around two weeks, but already conflicts are brewing between Ecopetrol (NYSE:EC) and its largest union the USO.
The 28th round of talks finished at the end of last week, while a national forum for victims included commentary from Colombians displaced by the conflict and living around the world.
Readers will have noticed a number of articles this week and last week on fracking. We decided to keep track of the number of articles we have found and whether they are positive or negative.
The Minister of Environment Gabriel Vallejo gave one of his longest interviews yet, defended the government’s plan to allow fracking, and countered critics that questioned his environmental credentials in the ministerial role.
President Juan Manuel Santos has announced a series of changes to the approval process for environmental licenses that he says will cut the wait time down to five months but still ensure that the environment is protected.
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