https://www.engineeringnews.co.za
Coal|Energy|Exploration|Export|Infrastructure|Mining|Infrastructure
Coal|Energy|Exploration|Export|Infrastructure|Mining|Infrastructure
coal|energy|exploration|export|infrastructure|mining|infrastructure

Colombia Bill seeks permanent legal ban on new coal contracts

President Gustavo Petro came into office in 2022 on a pledge to wean the country off its dependency on fossil fuels.

President Gustavo Petro came into office in 2022 on a pledge to wean the country off its dependency on fossil fuels.

20th February 2024

By: Bloomberg

  

Font size: - +

Colombia, South America’s top coal producer, is proposing a mining bill which would ban new exploration and production contracts for the fuel.

The proposed law would also allow the expropriation of mining assets in some circumstances, for coal as well as other types of mines.

The bill seeks to advance the nation’s “decarbonization goals", according to the text which is currently open for comments on the Energy and Mines Ministry’s website. The bill hasn’t yet been sent to congress.

President Gustavo Petro came into office in 2022 on a pledge to wean the country off its dependency on fossil fuels. While his administration has refused to sign new coal and oil contracts, the proposed bill would go further by banning new coal licenses by law.

At the COP28 in Dubai, Colombia announced it joined a group of nations calling for the end of fossil fuels. Oil and coal are Colombia’s top two exports, accounting for about half of its export revenue.

The text of the bill also includes a proposal that would allow the government to expropriate mining assets in some circumstances. The assets would need to “contribute to the country’s reindustrialisation, energy transition, agricultural development and public infrastructure” and “generate direct qualified and unskilled jobs in decent conditions” among other requisites.

Edited by Bloomberg

Comments

 

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 June 2024
Magazine round up | 21 June 2024
21st June 2024
Corobrik sets out plans for its Rietvlei operations
Corobrik sets out plans for its Rietvlei operations
19th June 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.258 0.307s - 160pq - 2rq
Subscribe Now