Accionistas de Ecopetrol no han recibido documentos legales para asamblea

0:00 In the WU report Colonel Daniel, the Copetrole film welcome, good morning July. This is today' s Colonel report. For the coming 22nd of March, that is, by Friday in two weeks, is cited to the General Assembly of Shareholders of Copetrol, the highest decision- making body of the country ' s main company. By regulation, it is established that shareholders must receive the information and documents to be considered by the Assembly at least 15 working days before the meeting. That date should be the first of March, that is, last Friday. However, today is 6 March and Eco Petron has not published the iron with the new board members proposed by the government, nor the profiles of these potential members, nor the regulatory letter of acceptance of the nominees nor the name of Director Pop Sons sto by the hydrocarbon producing departments on Copetrol ' s website. You can compare the documents submitted to this year' s General Assembly with those of last year. In the year two thousand twenty- three were presented to the Assembly of the names of the nine members of the Board of Directors, Saúl Catán, Mónica de Greve, Gonzalo Hernández, Claudia González, Mauricio Cabrera, Luis Alberto Zuleta, Esteban Piedradita, Sandra Espina and Juan José Echavarría. This year, twelve working days after the General Assembly,

1:32 the names of the board members proposed by the majority majority shareholder, that is, the nation that owns more than eighty- eight percent of the company, have not been officially announced. The names have only been officially transcended by a newspaper publication The time according to which the national government will run as board members Angela María Robledo, presidential formula partner of the candido de ato, Gustavo Petro in two thousand eighteen, Lilia Tatiana Roa Vendaño, Vice Minister of Environmental Development of the Ministry of Environment, Edwin Palma, Deputy Minister of Labor Relations of the Ministry of Labor and Guillermo García Realpe, former Nicaraguan Liberal senator. Also, according to the leak not initially denied, he was proposed as a member of the board representing the hydrocarbon producing departments, Mr Ignacio Pombo, but in the face of an eventual incompatibility for a repetition action when he directs which sports he was replaced in the short span of two hours byÁlvaro Torres Macías, an electrical engineer friend of Copetrol President Ricardo Roja. However, all these applications, which should have been made official last Friday, still do not appear at this time on Copetrol' s website and, as a consequence, are not part of the documents submitted to the ACS, which have the right to know the candidates in due time. The reason for the delay seems to be in

3:08 sending a letter from seven current members of the Board of Directors of Copetrol to the president of the company Ricardo Roa, in which they express concerns about the nomination of two candidates on the unofficial plate. The established report that these concerns have to do with the candidates for the Board, Edwin Palma and Lilia Tatiana Roja. The first case arose from the review of compliance with legal requirements by Dr Edwing Palma, Deputy Minister of Labour, who, according to the interpretation of some members of the current Board, does not comply with the minimum professional exercise time set out in the regulations. Dr Palma is a lawyer with a master' s degree in law and has been a leader of the Union Labor Union using Copetrol' s union. Some are under- accredited that he has served as a lawyer for the time required to become a member of the Board.

4:10 The other concern is not of a legal nature of compliance, but rather of the position that has been publicly and for a long time maintained by other nominees to the Board. This is Lilia Tatiana Roa, the vice- minist of the environment, who is an oil engineer, but above all she is an environmentalist. She has opposed the application of fracking in hydrocarbon recovery for years. There is resistance to this method throughout the world because of its environmental consequences, as it produces gas leaks that contribute to the greenhouse effect, increases seismicity in exploration and exploitation areas and damages forests by areas that must be cleared for application. What is complicated is that Colombia, in association with the OXI, produces 200, 000 barrels of oil per day in Texas. An immense amount is taken into account that Colombia' s daily production reaches six hundred and fifty thousand barrels. Moreover, the reserves proven in these fields, exploited together with the OXI, reach four hundred million barrels, while Colombia' s total reserves reach just one million eight hundred thousand barrels. Let' s get this straight.

5:31 Much of the future revenue and profits of copetrol depend on a fracking and eco petrol business is the government wallet for its social programs. So the Board of Directors and the potential new member will have to decide between the opposition to fracking or the drastic reduction of the public budget to comply with the government program, a complicated dilemma. Some members of the board of directors think that Vice - Minister Liliana Lilia Tatiana Roa, should declare herself prevented for all matters related to Frackin for having taken parties on the matter ahead of time and for years.

6:15 Anyway, the point is that this is March 6th and the official documents for the election of board of directors have not been published by ecopetroll for the knowledge of the shareholders. Any one of them and it is millions of people who have Copetron' s actions could demand the decisions of the Assembly for this omission. This was today' s Colonel report. Thank you very much.