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ConocoPhillips in the Peruvian Amazon
2009-05-13
The tropical rainforests of the Peruvian
Amazon, second in expanse only to that of Brazil, has
emerged as a flashpoint for the oil industry in Latin America
and for ConocoPhillips in particular: the company is now the
leading holder of exploration acreage in Peru with over 10.5
million acres. The Peruvian state exhibits a weak regulatory
capacity and little political will for protecting the environment, indigenous rights or public health. As such, Conoco Phillips' adherence to Peruvian state requirements does not go far enough to guard against potential liabilities from human rights and environmental impacts of its operations.
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