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LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

December 3, 0056

Will a Court Ruling Sink Colombia’s Plans for Fracking?

A recent ruling by a Colombian court brought a fracking pilot project to a halt. State-owned oil firm Ecopetrol will likely appeal the decision. // File Photo: Colombian Government.

Q

A

Karla Schiaffino, senior analyst of Latin America insights at Verisk Maplecroft: “The suspension of Ecopetrol’s fracking pilot project came weeks after the National Authority for Environmental Licenses (ANLA) had approved it. Since then, protests against the project have expanded beyond the local community in Puerto Wilches, in Santander province, suggesting a broader rejection of fracking. For instance, Indigenous communities staged a protest against fracking in Cali on April 22. We do not expect the outgoing Duque administration to be able to comply with the consultation requirements that the community that lives near the project has demanded, leaving the future of fracking in the hands of the next government. Furthermore, the demands from civil society to halt fracking resonate with the hesitancy of the Colombian presidential front-runner, Gustavo Petro, to develop these projects. Over the coming weeks, it is likely Petro will continue to stress the importance of water resources and question the necessity of fracking in order to maximize the political capital that comes with rejecting this practice. In the case of a Petro victory, it is likely that…”

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A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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