Key Changes in Colombia's Environmental Liability Regime

Environmental attorney Janine Acosta wrote an article featured in The Foundation for Natural Resources and Energy Law's (FNREL) Latin America Mineral and Energy Law Newsletter. In her article, Ms. Acosta reviews significant modifications to Colombia's environmental liability regime, reflecting the government's increasing commitment to environmental protection measures and stricter enforcement mechanisms. Ms. Acosta calls out seven key changes, including higher maximum fines, an extended time frame for the environmental authority to declare the responsibility of an alleged offender and a requirement to notify the environmental authority of changes such as dissolutions, mergers and restructurings. She explains that these updates mean businesses will have to review and enhance their corporate management practices to mitigate potential liability risks.

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