Why business should be allowed to regulate itself and government should stay out

A US oil company has been accused of contaminating an area of the Peruvian Amazon where it and its successor company have drilled for oil for the past 32 years, creating misery for the local Achuar people and widespread lead and cadmium poisoning.

A report issued by a coalition of protest groups including Amazon Watch and EarthRights International yesterday accused the company, Occidental Petroleum, of violating Peruvian and international law by dumping an estimated 9 billion barrels of toxic waste in the area since it started prospecting in the early 1970s.

You can always trust a businessman to do the right thing.