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.
The National Institute of Roads (Invías) and the National Hydrocarbons Agency (ANH) are studying the option of leveraging the Works for Taxes initiative and develop projects in Casanare. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
With better weather in Bogotá – it is not raining too much – it seems clear that we are heading into another El Niño weather phenomenon. That means drought and less hydroelectric generating capacity, which, in turn, should mean more demand for natural gas.
President Duque promised to encourage the growth of the extractive sector in Colombia. The Ministry of Mines and Energy (MinMinas) published a project with the guidelines and budget to achieve it.
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