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Friday, August 29

Camisea gas fails to get U.S. funding

Peru denied Export-Import bank funds for gas project: "Thursday's vote marked a victory for environmental and indigenous groups, which have lobbied long and hard against the $2 billion project on the grounds that it would harm Peru's pristine jungles and native inhabitants." Reuters So much for George W. Bush helping out all his pals in the petroleum industry.

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

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