Ecopetrol (NYSE:EC) announced important investments for environmental projects, but communities are still hesitant about the industry’s presence in their territories. The development of these and more stories in our periodic ECO summary.
The government’s ‘magic formula’ to establish fuel prices has created much debate and controversies in Colombia. Representatives of the Liberal Political Party spoke on this subject.
Communities have said ‘No’ to the industry in different occasions, but once local authorities heard of a possible increase in royalties’ resources, popular consultations started to seem ‘inconvenient,’ all of a sudden.
The oil sector has proposed the development of unconventional reservoirs to improve the prospects for energy self-sufficiency in the long term in Colombia. Fedesarrollo conducted a study on the possible economic benefits of this alternative for the country.
The post-conflict process with Farc has not been easy, especially after two of the group’s leaders escaped from the rural areas where they were supposed to stay. Here is what Farc has to say.
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