Oil drilling fuels a migrant surge in isolated city in Brazil's Amazon [Los Angeles Times (CA)]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
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Source: Los Angeles Times
The city's infrastructure, already inadequate with less than 2% of homes having proper sewage, is buckling as informal settlements sprawl into cleared rainforest. Environmental groups and Indigenous communities oppose the project, citing spill risks and noting that nearby oil booms have failed to lift cities from poverty. OIAPOQUE, Brazil — On a recent morning, Reginaldo Nunes Fonseca smoked cigarettes from the porch of his friend's wooden shack, watching the rain come down hard in an area now known as Nova Conquista — New Conquest — where pristine rainforest in Brazil's Amazon stood a year ago. The rain meant he couldn't work on building his own house or do odd jobs for others in the area, but the weather wasn't the only thing holding him back. Like thousands of others who have moved to the small city of Oiapoque, in Brazil's northern state of Amapa, Fonseca is waiting for an economic boom that may or may not come. The area is experiencing a rush of migrants since Petrobras,
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