Brazil's Petrobras required to assess Indigenous impact of Amazon offshore drilling - documents [Yahoo! Finance]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Yahoo! Finance
the impact on Indigenous groups in the Amazon area of planned offshore drilling nearby in order to analyze the project's viability, according to a federal agency and documents from government agencies. The wide-ranging studies demanded by Brazil's environmental agency Ibama are meant to ascertain the "social, cultural and environmental" impacts on Indigenous peoples of drilling in the Foz do Amazonas basin, part of the so-called Equatorial Margin. The demand for new studies were part of set of documents sent by Ibama to Petrobras on April 17, and seen by Reuters. The requirement is a fresh hurdle in the firm's attempts to drill an exploratory well about 175 kilometers (110 miles) off Brazil's northernmost coast, amid increasingly stiff resistance from local Indigenous leaders in Amapa state. All studies and requirements requested by Ibama within the scope of environmental licensing and in accordance with governing legislation were met by the company, said Petrobras in a statem
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