In 2015, Colombia signed the Paris Agreement, committing to reduce the exploration, production, and consumption of fossil fuels such as coal, natural gas, and oil.
The Colombian National Environmental Licensing Agency (ANLA) initiated an environmental sanctioning process against Ecopetrol (NYSE: EC) and Frontera Energy (TSE: FEC).
It rained heavily in much of the country in 1Q25, filling up the reservoirs and lowering the demand for natural gas for thermoelectric generation. But non-thermal demand grew while domestic supply was flat meaning Colombia crept ever close to importing gas for domestic demand on regular basis.
The arrival of Edwin Palma as Colombia’s new Minister of Mines and Energy (MinEnergia) has triggered a massive reshuffle within the ministry and its affiliated entities. While changes were expected, the scale of the shake-up has surpassed initial predictions.
The Regional Autonomous Corporation of the Magdalena River (Cormagdalena) is preparing a comprehensive plan to restore navigability along Colombia’s most important waterway.
The BBC has revealed that, according to leaked data from a former Ecopetrol employee, Colombia’s state-owned oil company allegedly contaminated various sites with oil, including water sources and biodiverse wetlands.
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