Regulatory News

This week, Greenpeace activists held a protest against the start of oil exploration in the largest marine sanctuary in the South Atlantic, the Abrolhos Islands. The target was the headquarters of the oil company Perenco, in Rio de Janeiro. Environmentalists projected neon lights on to the front of the building with the phrases: "Abrolhos without oil. Perenco leave."

In November, the company received permission from the Brazilian Institute for the Environment (IBAMA) to drill eight wells near the Abrolhos region. According to Greenpeace, this operation is in a region where, if an oil spill occurs, there will be a serious risk of the ecological reserve being affected because of the wind and sea currents.

According to Greenpeace, Perenco began drilling in an area where there is a lot of movement of humpback whales and sea turtles.

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