US oil company sues Colombia for exploration ban near Cao Cristales
US oil company sues Colombia for exploration ban near Caño Cristales
written by Adriaan Alsema August 8, 2017
US oil company Hupecol Operating has sued Colombia for banning fracking near one of the country’s most unique ecosystems, the Caño Cristales river, according to local media.
The Houston-based company had acquired the rights to explore fracking possibilities in the south of the Meta province, but saw these rights revoked in 2016 after public uproar about possible oil operations near what is considered one of Colombia’s most beautiful rivers.
Consequently, Hupecol is seeking almost $28 million in compensation for what the company claimed to be lost investments and profits, newspaper El Espectador reported.
According to the plaintiff, Colombia’s environmental licensing agency knew about the company’s plans since 2010 without taking action until public opinion turned against the project.
More:
https://colombiareports.com/us-oil-company-sues-colombia-exploration-ban-near-cano-cristales/
Environment & Energy:
https://www.democraticunderground.com/1127112371
http://img.xcitefun.net/users/2014/01/349853,xcitefun-cano-cristales-river-10.jpg
You may want to look at other images of this amazing Colombian wonder, Caño Cristales:
https://images.search.yahoo.com/search/images;_ylt=AwrTcXHrNY1Zb.QAwEGLuLkF;_ylc=X1MDOTYwNTc0ODMEX3IDMgRiY2sDZWFlcjdmOWNnbDI5ZyUyNmIlM0Q0JTI2ZCUzRGZFVE9PSzFyWUgzS3VfNWJGaWk4THF3a19jX3JYc19ya1E2azM1dGQ0N2NwM1EtLSUyNnMlM0RkayUyNmklM0Q2TGVIbEFaQjRDbm9uWGZEalRnZgRmcgMEZ3ByaWQDX2J1ZDFZMnpUOXVrWTFFeGcyWW9rQQRtdGVzdGlkA251bGwEbl9zdWdnAzEwBG9yaWdpbgNpbWFnZXMuc2VhcmNoLnlhaG9vLmNvbQRwb3MDMQRwcXN0cgNDYfFvIENyaXN0YWxlcyAEcHFzdHJsAzE1BHFzdHJsAzIzBHF1ZXJ5A2Nh8W8gY3Jpc3RhbGVzIGNvbG9tYmlhBHRfc3RtcAMxNTAyNDI2NjA4BHZ0ZXN0aWQDbnVsbA--?gprid=_bud1Y2zT9ukY1Exg2YokA&pvid=Ng.fczIwNi7lO2d6WQqJMAbMMjYwMgAAAAD0ARlC&fr2=sa-gp-images.search.yahoo.com&p=ca%C3%B1o+cristales+colombia&ei=UTF-8&iscqry=&fr=sfp#id=548&iurl=https%3A%2F%2Fi.ytimg.com%2Fvi%2FdjQk9VN51bc%2Fmaxresdefault.jpg&action=close
#### Hupecol Operating.
