Potential oil industry flashpoint centers on OXY's Colombian rainforest wildcat

Potential oil industry flashpoint centers on Oxy's Colombian rainforest wildcatA potential flashpoint for the petroleum industry is developing around a controversial wildcat that Occidental Petroleum Corp. wants to drill in Colombia's mountainous rainforest.OXY unit Occidental de Colombia (OXYCOL) in September was awarded the first exploratory drilling license on its controversial Samoré exploration block. Click here to enlarge imageThe drillsite lies less than 5 km outside a reservation for the U'wa indigenous community, which opposes any oil operations on what they contend is their ancestral land-which they also contend extends outside the reservation to include the OXY...

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