Chevron Surrenders Exploration Permits: Chevron Corp. said...
From Times Staff and Wire reports
Chevron Surrenders Exploration Permits: Chevron Corp. said it would surrender four offshore oil exploration permits for Australia’s Great Barrier Reef because of environmental objections. Chevron said it surrendered its permits voluntarily at the request of the Australian government but believed that it could have explored the region in a safe and environmentally sound manner. Exploration on the reef was prohibited in 1975 with the passage of Australia’s Great Barrier Reef Marine Park Authority Act.
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