The Minister of Mines and Energy (MinMinas) spoke about the benefits that communities in Barrancabermeja and Sucre will receive thanks to royalties’ resources. These and other stories in our periodic Royalties summary.
As we published last week, the MinMinas think-tank and research bureau, UPME, published a long document on energy prices just before Christmas. We have picked a few charts we think are interesting.
Last week we wrote a very high-level summary of the Commission of Expert’s recommendations on fracking. This week we go one level deeper and look at the recommendations in detail. Next week will publish our summary of the commission’s findings and conclusions.
The long-awaited report of the commission of experts was presented to the public Thursday afternoon. We attended. The study concluded there was much opportunity but much uncertainty so the country should run a pilot. Which is what Ecopetrol had proposed last year.
Global warming has generated many debates and the need to reduce the participation of coal in the energy matrix has been one of the main discussion topics. Colombian authorities created a carbon tax, joining the global trend. Orlando Cabrales, President of Naturgas, spoke on this topic and gave some suggestions to change it.
Mechanisms of citizen participation such as popular referendums have been one of the main discussion topics in Colombia, as these has affected extractive sector development. The Constitutional Court ruled on this issue.
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