The National Government has created a roundtable for interdisciplinary conversation: The future of the oil sector in sustainable territories

The National Government has created a roundtable for interdisciplinary conversation: The future of the oil sector in sustainable territories

Ministry of Mines and Energy. Bogota D.C. September 13th, 2018. Within the framework of the Forum titled "Convenience of the Use of Fracking Technology", the Minister of Mines and Energy, Maria Fernanda Suarez, stated that this Administration will take charge of preparing the roadmap for energy transition and security nationwide.

Roadmap construction will be fueled by two parallel mechanisms. On the one hand, a roundtable for conversations on the future of the hydrocarbons sector and territorial sustainability, while a team of experts shall work on the guidelines for the energy transition of Colombia.

"The exploration and extraction of unconventional deposits is a transcendent decision for the country. Colombians must know that the decisions to be taken will have a significant impact on energy self-sufficiency and security, as well as on the economic future of Colombia. The Government's commitment is to work towards making these developments sustainable regarding the environment and the communities. As part of the search for making the best decision on behalf of Colombians, today we wish to announce that an interdisciplinary conversation with national and international experts will begin. During this dialogue process, the concerns of regions and different stakeholders will be heard regarding the risks for communities and the environment. The team of experts shall review existing regulations in order to establish the capacity to prevent or mitigate risks and pointing out recommendations for the future of the oil sector within that framework and inside sustainable territories," said Minister Maria Fernanda Suarez.

The Ministry of Mines and Energy highlights that there was an open and respectful debate during the forum, demonstrating the opportunities for job creation, potential economic growth and fiscal income derived from the development of Unconventional Deposits, as well as the risks and concerns from interest groups and the different technical and scientific views on the possibility of mitigating these risks.

"This is a worldwide debate that continues evolving, which is why we shall seek to make use of the best technical knowledge in its different dimensions. The roundtable for conversations will include experts on environmental, social and economic matters as well as hydrocarbon technicians. This team of impartial experts shall analyze the risks and opportunities of the exploration and extraction of unconventional deposits," the Minister of Mines and Energy pointed out.

These conversations shall begin over the upcoming weeks, and this mechanism reiterates the commitment of the National Government to build a country for everyone.

Thursday, September 13, 2018, Cundinamarca, Bogotá D.C., Source: MinMinas
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