Inter-American Development Bank approves $400 million loan for Peru gas project

The Inter-American Development Bank, IDB, approved a $400 million loan for Peru’s Camisea gas project today, brushing off appeals from environmentalists who insist it will do irreparable harm to the fragile jungle eco system and its indigenous inhabitants. The project consortium, headed by Texas-based Hunt Oil, will use the loan […]

by · December 19, 2007 · Comments are Disabled · Business, Energy

Amazon Watch: Activists warn against financing Peru Camisea gas project

A delegation of human rights and environmental activists from Peru appealed to officials from the World Bank, Inter-American Development Bank (IDB) and the U.S. Export-Import Bank (Ex-Im) yesterday to reject future loans to the Camisea gas project. The delegation argued that the banks would be breaching their social and environmental […]

by · December 14, 2007 · Comments are Disabled · Business, Energy, Environment