Ecopetrol’s Decarbonization Initiatives and the First LATAM Export of Carbon-Neutral Crude Oil

Recorded On: 03/11/2022

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Organized by the Latin America and Caribbean Chapter

Juan Carlos Fonnegra, Crude Oil Manager, Ecopetrol 
Santiago Martinez Ochoa, Head of Sustainability and Decarbonization, Ecopetrol 
Moderator: Claudia Hooker, Ecopetrol
Moderator: Marianna Boza, Director, Brigard Urrutia

In 2015, the United Nations Framework Convention on Climate Change (UNFCCC) adopted the Paris Agreement by means of which 197 countries agreed to gradually reduce the use of fossil fuels and CO2 emissions to reach net carbon neutrality by 2050. Ecopetrol has put in places several decarbonization Initiatives, including the first crude oil export aiming to reduce its carbon footprint. 

On this webinar our panelists discuss Ecopetrol's initiatives to become a net-zero carbon emissions company by 2050.

Juan Carlos Fonnegra

Crude Oil Manager, Ecopetrol

Juan Carlos Fonnegra is an experienced professional of 17 years, including 10 years of commercial experience in the Americas and European energy value chains, with a strong focus in trading and commercial development in the upstream and downstream sectors including refining, logistics and supply across crude oil and refined products. Skilled negotiator with proven ability to close complex multi-party transactions such as JV’s or long-term contracts underpinned by assets owned by third parties. Deep expertise in project management leading cross-functional teams to deliver complex strategic projects, with multiple stakeholders, across organizational boundaries internally and externally. Excellent strategic, business planning and financial analysis skills. Proven leadership skills, with strong record of financial delivery and commercial optimization.

Santiago Martínez Ochoa

Santiago Martinez Ochoa, Head of Sustainability and Decarbonization, Ecopetrol

Santiago Martínez Ochoa is an experienced negotiator and project manager with a demonstrated history of working in complex international settings. Skilled in Team Management, Project Development & Management, Sustainabiliy Strategy and ESG Reporting. Strong legal skills and background on environmental and climate change related topics, with a Master of Business Administration (M.B.A) from ESMT Berlin and an LLM from the University of Pennsylvania.

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