While thousands of drivers in Peru’s capital are converting their gasoline powered vehicles to run on Peru’s abundant supply of less expensive natural gas, one economist says the savings aren’t as substantial as they should be because filling stations are gouging customers with artificially high costs to compress the fuel into their tanks.
“The lower cost […]

Thirty-four thousand vehicles in Peru’s capital, Lima, have converted their engines to natural gas and the Peruvian Natural Gas Vehicle Association predicts that 30,000 more will make the switch by the end of the year.
“This market is growing at an accelerated pace, especially in Lima. And if we maintain a good rhythm, we could convert […]

Peruvian President Alan Garcia’s government this week cut down on fuel subsidies and increased prices at the pumps by 4 percent to fend off skyrocketing world oil prices.
“We didn’t expect the increase in the form of speculation,” Finance Minister Luis Carranza told reporters, explaining that the nation’s $464 million fuel stabilization fund offered a manageable […]

Peru’s campesino and indigenous rights groups are in an uproar over a presidential decree they say is designed to strip them of their full rights to their communal lands for outside development.
President Alan Garcia signed into law the Legislative Decree Nº 1015 on Tuesday, without congressional approval, simplifying the process for private investors to obtain […]

President Alan García tapped Peru’s celebrated environmentalist Antonio Brack to become Peru’s first minister of the environment.
“I am honored that Mr. Antonio Brack has accepted to be minister and he will have all my backing to do what must be done in defense of the environment,” García told reporters.
Meanwhile, debate is heating up over García’s […]

Garcia_eu-latin_america_summit_opener
by peruviantimes

Cabinet ministers and high-ranking government officials from 57 countries are in Lima, meeting behind closed doors for the Fifth European Union-Latin America and Caribbean Summit to find common ground on poverty reduction, free trade and a coordinated defense against global climate change.
Sixteen heads of state are expected to arrive by Friday to sign the Declaration […]

PetroTech Peruana, exploring in the continental shelf offshore from Piura and Lambayeque in northern Peru, announced proven probable reserves of 1.132 billion barrels of high quality oil in several structures in Block Z-6.
The company’s exploration manager, Enrique Gonzales, told Andina news agency that the San Miguel oil well alone has proven probable reserves of 323 […]

By Anna Zucchetti. Biologist
Translated and reprinted from the opinion page of El Comercio
I don’t know if President Garcia would agree with me about the strategic importance of the soon-to-be-born Ministry of the Environment. I don’t know if we would agree on the structure or about its jurisdiction. But we are in agreement on one point: […]

Achuar Indians legal battle after Pluspetrol violence
by peruviantimes