Friday, August 29
Camisea gas fails to get U.S. funding
Natural Gas Project in Peru Loses Bid for U.S. Funding: "U.S. officials who have reviewed the project's environmental impacts, as required by law, have raised concerns that twin pipelines already have caused damage and opened a likely pathway into the Lower Urubamba rain forest, endangering people who live in the reserves. An analysis by the U.S. Agency for International Development said that U.S. environmental laws required the Treasury Department to vote no at the IDB because necessary environmental studies were not completed before the vote." Washington Post
U.S. Funding Denied for Peru Gas Project: "Two of the companies involved, Hunt Oil Co. of Dallas and Halliburton Co. of Houston, have close ties to the Bush administration and the Republican party. Hunt Oil teamed with two Argentine companies, Pluspetrol and Tecgas, for the project's estimated $1.45 billion first phase: exploring and building a pipeline and natural gas distribution network." Kansas City Star / AP