$1bn to clean up the oil in Peru’s northern Amazon
Over four decades of exploration and extraction have caused an environmental and health crisis in indigenous communities
Who is going to clean up Peru's northern Amazon after decades of companies spilling oil and dumping billions of barrels of toxic production waters? Certainly not US company Occidental which ran the biggest concession, Lot 1-AB, until 2000, nor, it would seem, Petroperu, which ran the other major concession, Lot 8, until 1996 and operates the rusty, leaking North Peruvian Pipeline to this day.
Nor Pluspetrol, a company founded in Argentina and now registered in the Netherlands which took over both Lot 1-AB and Lot 8, if its actions to date are anything to go by. Nor the China National Petroleum Corporation, which bought 45% stakes in both concessions in 2003. Nor the subsidiary of a Canadian company now called Frontera Energy which, in 2015, when Lot 1-AB's name was effectively changed to Lot 192, bought 100% of operations in a two year temporary contract.
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