This withdrawal sent shockwaves through Peru and beyond.
Investors take note.
The project s impact both on the environment and on human rights had come under intense international scrutiny. Shell cited technical, environmental, and commercial obstacles as reason for its withdrawal . Several of the last remaining uncontacted indigenous communities in the world inhabit Camisea. More than 200 organizations from 52 countries have signed a Declaration calling for a moratorium on new fossil fuel exploration in frontier areas as a first step toward combating climate change. The Peruvian government is promoting Camisea as a world-class opportunity.