In 2020, Colombia bought $2.2 billion in liquid fuels from the Gulf of Mexico, 51% less than in 2019 ($4.5 billion), revealed DANE.
Revenues increased by 24.9% to $2.7 billion (COP 10.2 billion). Ebitda also grew by 24.4% to $1.7 billion (COP 6.6 billion) and net profits by 25.7% to $571 million (COP 2.1 billion)- for the fourth consecutive year. Colombia was second to Brazil as country of origin for net profits
Fifteen companies have joined the cryptoassets pilot created by the Financial Superintendency. These companies form nine alliances made up of a financial company and a currency exchange platform. Banco de Bogotá, Davivienda and Bancolombia are part of it. The pilot allows cash-in and cash-out operations for financial deposits.
Indigenous people from Brazil and Colombia sued retailer Casino in a French court on Wednesday over selling beef linked to land grabbing and deforestation in the Amazon, campaigners involved in the lawsuit said. They expect 3 million euros to the organisations that represent indigenous peoples to ensure that their activities do not entail deforestation. Casino, which controls Brazil’s largest food retailer, Grupo Pao de Acucar (GPA) and Colombian retailer Almacenes Exito, said it actively fought against deforestation by cattle ranchers in Brazil and Colombia.
Colombian ministry of mines and energy offered a glimpse of the rules that will govern the country’s 2021 renewable energy auction for long-term contracts. Eligible projects must be registered with Colombia’s mining and energy planning unit UPME and approved at least at stage two out of UPME’s three approval cycles. In stage two, assessment of the technical, economic, environmental and social feasibility of the project is ascertained.