FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 2. Date of Event Requiring Statement (Month/Day/Year) 06/01/2011 3. Issuer Name and Ticker or Trading Symbol COLOMBIA CLEAN POWER & FUELS, INC [CCPF.OB] (Last) (First) (Middle) 95 WELLINGTON STREET WEST, SUITE 800 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) TORONTO, ONTARIO, CANADA, A6 M5J 2N7 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 714,286 I See Footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series A Convertible Preferred Stock	06/01/2011	  (2)	Common Stock	3,000,000	$ (3)	I	See Footnote (1)
Warrant to Purchase Common Stock	06/01/2011	05/31/2016	Common Stock	210,000	$ (3)	I	See Footnote (1)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 95 WELLINGTON STREET WEST SUITE 800 TORONTO, ONTARIO, CANADA, A6 M5J 2N7	Â	  X	Â	Â
WATSA V PREM ET AL 95 WELLINGTON STREET WEST SUITE 800 TORONTO, ONTARIO, CANADA, A6 M5J 2N7	Â	  X	Â	Â
1109519 ONTARIO LTD 95 WELLINGTON STREET WEST SUITE 800 TORONTO, ONTARIO, CANADA, A6 M5J 2N7	Â	  X	Â	Â
SIXTY TWO INVESTMENT CO LTD 1600 CATHEDRAL PLACE 925 WEST GEORGIA ST VANCOUVER, BC, CANADA, A1 V6C 3L3	Â	  X	Â	Â
810679 ONTARIO LTD 95 WELLINGTON STREET WEST SUITE 800 TORONTO, ONTARIO, CANADA, A6 M5J 2N7	Â	  X	Â	Â
ODYSSEY AMERICA REINSURANCE CORP 300 FIRST STAMFORD PLACE TORONTO ONTARIO, CANADA, CT 06902	Â	  X	Â	Â

Signatures

BY: /s/ Bradley P. Martin, NAME: Bradley P. Martin, TITLE: Vice President, Chief Operating Officer and Corporate Secretary		06/13/2011
**Signature of Reporting Person		Date
/s/ V. Prem Watsa, V. Prem Watsa		06/13/2011
**Signature of Reporting Person		Date
BY: /s/ V. Prem Watsa, NAME: V. Prem Watsa, TITLE: President		06/13/2011
**Signature of Reporting Person		Date
BY: /s/ V. Prem Watsa, NAME: V. Prem Watsa, TITLE: President		06/13/2011
**Signature of Reporting Person		Date
BY: /s/ V. Prem Watsa, NAME: V. Prem Watsa, TITLE: President		06/13/2011
**Signature of Reporting Person		Date
BY: /s/ Peter H. Lovell, NAME: Peter H. Lovell, TITLE: Senior Vice President, General Counsel and Corporate Secretary		06/13/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	714,286 shares of Common Stock, 600,000 shares of Series A Stock Convertible Preferred Stock (the "Series A Stock") and warrants to purchase up to 210,000 shares of common stock are held by Odyssey Reinsurance Company.
(2)	The Series A Stock has no expiration date, but is subject to certain Common Stock automatic conversion features beginning 18 months from the date of issuance.
(3)	The reporting persons acquired units consisting of 600,000 shares of Series A Stock and warrants to purchase up to 210,000 shares of Common Stock for an aggregate purchase price of $6,000,000. Each share of Series A Stock is initially convertible into five shares of Common Stock. Each warrant has a $0.01 exercise price per share of Common Stock.

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