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.