2010-10-04
Palau, at Risk from Rising Seas, Aims to Drill for Oil. By Justin Nobel, Reuters, 9/27/10. "Palau is a paradox: The low-lying Pacific island nation is threatened by climate change but may soon be drilling for oil. Seismic tests in the 1970s indicated the presence of petroleum but exploratory wells were never dug. Now, President Johnson Toribiong is pushing for exploration, hopeful oil will bring cheaper fuel, revenue and jobs. 'Right now we are importing fossil fuel and that is very, very expensive,' Toribiong said in a telephone interview. 'If we find oil we will use the proceeds to make Palau a green country.'"
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