USO would halt oil operations if the board continues to back Ricardo Roa as Ecopetrol president

TL;DR

The USO union is demanding the removal of Ecopetrol President Ricardo Roa Barragán.
The union warns of significant reputational and financial risks to Ecopetrol due to investigations against Roa.
Potential intervention by US agencies like OFAC or SEC is a serious concern.
The USO plans to use protests and active participation in shareholder assemblies to press its demands.
A strike is considered a last resort, but operational disruptions are possible if concerns are not addressed.
Ecopetrol's stability is crucial for Colombia's national budget and regional economies.
The union believes the board's corporate governance lacks independence.
The current international context with high oil prices is seen as a temporary benefit.
Ecopetrol is a major contributor to the nation's revenue, with over 180 trillion pesos transferred in the last five years.

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