Brazil bans oil giant Chevron

Brazil bans oil giant Chevron from drilling after spill

Brazilian authorities say the oil spill is now under control.

Brazil is temporarily banning the American company, Chevron, from drilling for oil in its territory.

The National Petroleum Agency (ANP) said it would suspend Chevron’s activities in Brazil until it had established the cause of an oil spill off the coast of Rio de Janeiro.

Chevron has apologised for the leak, but has stressed it acted as rapidly and safely as possible to contain it.

The Brazilian government has fined Chevron $28m (£18m) for the spill.

Brazilian Environment Minister Izabella Teixeira said Chevron could face further fines if an investigation into the spill revealed more infractions.

ANP also rejected a Chevron request to drill a deeper well in the Frade field in order to reach sub-salt fields, which could hold reserves of more than 100bn barrels of high-quality recoverable oil.

It said such drilling would “pose risks to the environment similar to those that occurred in the well where the spill occurred, but bigger and magnified by the greater depth”.

Source: BBC News Read more

Opinion:

Last night on the Brazilian news channel O Globo there was no mention of ‘temporary’. It was quite emphatic that Chevron is banned, period!

It is good to see that Brazil is making a stand on this issue. Many have feared that Brazil’s usually relaxed attitude could easily be undermined by the ruthless practices within the oil industry and lead to Macondo-type disasters.

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