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Conoco Quits Oil Project in Rain Forest; Firm Cites Economic Reasons, but Environmentalists Claim Victory
- Article from:
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The Washington Post
- Article date:
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October 12, 1991
- Author:
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Copyright informationCopyright (null) The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Conoco Inc., which had come under environmentalist fire for
plans to develop oil in Ecuador's fragile tropical rain forest,
announced yesterday that it is pulling out of the project for
economic reasons.
Although environmental groups that had opposed the project
contended that the decision by the Du Pont Co. subsidiary was a
victory, Conoco's partners in the proposed development said they
were moving forward.
"I think Conoco succumbed to public pressure and outrage, so we
think this is a real victory," said Cathy Fogel of the Sierra Club.
"We hope to keep this issue alive and keep fighting to protect this
area."
While the environmental community generally has been united in
its ...
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