First the CEO leaves Talisman (TLM.to) (TLM) on Monday Sep 10th and now today TLM announces that it’s bailing on its Peru operations. The company says that despite finding hydrocrabons in its Lot 64 development in the Peruvian Amazon jungle region, “after careful consideration” they’re still bailing. They also say they’re proud of their community relations record, which just goes to show how shameless oil companies are these days as TLM is the very same company accused of attempting genocide and dividing communities by the locals where they’ve been working so they can fake all the pride they like, because this news will be greeted by celebrations in the Amazon basin, not sadness
The moral of this story is a 21st century one: Treat people like crap, get booted out. Period.