(Ecopetrol, 4.May.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Agencia Nacional de Licencias Ambientales (ANLA) notified on 3 May 2022 through Resolution 881 that Ecopetrol had been declared responsible of undertaking during the construction phase of the hydrocarbon transportation Poliducto Andino project, works that were not covered by the environmental license.
Consequently, ANLA confirmed the penalty initially imposed to Ecopetrol with Resolution 754 of 2021 in an amount of one billion three hundred and eight million six hundred and sixty thousand eight hundred and fifty-four Colombian pesos (COP$1,308,660,854). Such confirmation constitutes a final and definite decision within the environmental sanctioning process. Ecopetrol abides by and respects the decisions of ANLA; however, the company’s actions have always been framed in compliance with current regulations, and it will evaluate the possibilities of opposing legal actions against this sanction.
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