Companies in the oil and gas industry are part of the Colombia Carbon Neutrality Strategy

The Colombia Carbon Neutral Strategy is an initiative of the national Government, led by the Ministry of Environment and Sustainable Development, which through three work blocks: SINA (National Environmental System) Carbon Neutral, “My Carbon Footprint” and the National Carbon Neutrality Program, seeks to generate capacities for climate change management in the public, private, and civil society sectors, to achieve the goal of carbon neutrality in the country by 2050.

SINA Carbon Neutral focuses on quantifying the organizational carbon footprint or the inventory of Greenhouse Gas (GHG) emissions of the entities that are part of the System. “My Carbon Footprint” aims to raise awareness and promote citizen participation in the quantification and reduction of their GHG emissions. The National Carbon Neutrality Program is a voluntary initiative that seeks to energize, strengthen, and make visible the management of GHG emissions in public and private organizations, highlight their actions, and join efforts in building sustainable and low-carbon growth.

Within the framework of the National Carbon Neutrality Program, different companies in the oil and gas industry have joined the Strategy, with the purpose of contributing to the establishment of a self-management model for GHG emissions within organizations, which will lead the initiative, based on a capacity-building model according to the interest and level of progress in GHG management of the participating organizations.

In this regard, Repsol Colombia Oil & Gas (affiliated with ACP), Ecopetrol, and Omega Energy, companies in the hydrocarbons sector, were part of the 103 companies that participated in the first version of the Colombia Carbon Neutrality Strategy in 2021. Recently, SierraCol Energy (affiliated with ACP) was also registered as a participant in the alliance in its second phase, and is now one of the 500 companies that currently make up the initiative of the Ministry of Environment and Sustainable Development. Other companies in the sector are in the registration process: Canacol Energy, Drummond Ltd. Colombia, Frontera Energy, GeoPark, and Hocol, all affiliated with the ACP.

A new phase of the Program begins this March, and according to the Ministry of Environment and Sustainable Development, it will focus on developing, between March and June 2022, orientation sessions for the participating companies on key aspects of strategies to combat climate change, such as the identification and management of GHG emissions.