Peru Calls Out Repsol for Paying Tiny Fraction of Oil Spill Fines
- Peru says Repsol has paid just 3% of fines; Repsol says 10%
- 10,000 barrels of oil were spilled into Peru’s coast last year
A worker cleans Cavero beach following an oil spill in Callao, Peru, on Feb. 18, 2022.
Photographer: Miguel Yovera/BloombergPeru’s Environment Minister Albina Ruiz called out Spanish oil firm Repsol SA Thursday for only paying a small fraction of fines tied to the country’s worst oil spill on record.
Speaking to reporters, Ruiz said Repsol had paid just 2.8 million soles ($780,000), or about 3% of the 97 million soles imposed after 10,000 barrels were spilled into the Pacific Ocean early last year. Repsol said in a text response that it had actually paid 9.8 million soles, or 10% of the overall figure given by the ministry.