climateandcapitalism.com
Peru plans more Amazon oil auctions
Despite protests by indigenous people, the head of government energy agency says that this fall they will auction still more blocks traditional indigenous lands to oil and gas companies Despite violent protests by indigenous groups over plans to expand oil and gas exploration in the Peru's Amazon rainforest, energy investments in the South American country are expected to increase to $1.5 billion in both 2009 and 2010, reports Reuters. Daniel Saba, president of Perupetro, Peru's energy agency, told Reuters that the government will auction more than a dozen lots in October or November. Most of the 17 blocks are located in the country's Amazon region, 70 percent of which has been concessioned for oil and gas exploration and development. A number of firms are already operating in the area including Repsol (Spain), Perenco (France), Pluspetrol (Argentina), Petrobras (Brazil), Maple Energy (United States), and Petroperu (Peru). South American Explorations, working on behalf of the U.S.