Community | June 07, 2008 | 0 comments

Oil development threatens biodiversity in Peru

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Oil and gas reserves are found in some of the most ecologically sensitive areas of Peru, such as the Amazon and Pacific Ocean. Whereas some of these areas were too costly to access in the past, the current high prices of oil and gas now justify exploration. The delicate balance between hydrocarbon exploration and drilling, and conservation of critical ecosystems can only be achieved by establishing strict and specific environmental conditions for resources, including strengthening national regulatory frameworks and ensuring benefits and compensations for the affected areas and the people who live near them.

As Peru modernizes and expands its economy, new foreign companies are increasingly interested in the country and its potential oil-gas resources to meet the international demand for low-cost oil and gas products. For conservation organizations, it is necessary to find a firm voice for biodiversity conservation issues within Peru, and to achieve a balance between the potential threats posed by oil and gas and the opportunities to use financial resources for conservation efforts.



http://www.nature.org/wherewework/southamerica/peru/features/art17206.html
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