Resolución 40066 de 2022

Policy Engagement Overview

The aggregated evidence of corporate and industry lobbying on Resolución 40066 shows negative engagement from the oil and gas industry.

• There were numerous unsupportive positions from the oil and gas sector in the second round of public consultation comments in December 2021, including advocating against leak detection and repair measures, and weakening venting and flaring requirements. Entities taking this position included companies Ecopetrol and Parex Resources Inc, and industry associations Naturgy and Asociacion Colombiana del Petroleo y Gas (ACP).

• Oil and gas sector industry associations lobbied to weaken measures for leak detection and repair in the first round of public consultation comments in August 2021, with Naturgas emphasizing the cost burden of the measures, and Asociacion Colombiana del Petroleo y Gas (ACP) calling for measures to be less frequent.

• Naturgas’ corporate members include Shell and Ecopetrol, while ACP has members on its board from BP, Chevron, ExxonMobil, Repsol, and Shell.

• There were calls for exemptions for offshore operations, new operations, and small and medium and oil and gas fields in the scope of the regulation, including ACP and Parex Resources Inc.

Impacts on Policy Ambition

Several elements of Resolución 40066 appeared to have been weakened following lobbying efforts from the oil and gas sector, including venting and flaring efficiency requirements, and the measurement and reporting of methane emissions. The final regulations did, however, maintain the inclusion of offshore operations, new operations, and small and medium oil and gas fields despite oil and gas sector lobbying for exemptions.