PIPELINE  (CONT)

leaders have urged the US Treasury to delay a final decision until further reviews have taken place.
The Export Impact Bank's report conceded that key decisions were made for economic reasons, that massive erosion had already occurred on the pipeline route and that unique biodiversity faced "significant, long-term and largely irreversible" deterioration. Three lobby groups - Amazon Watch, Amazon Alliance and Environmental Defense - said last week that the project was causing food shortages and disease in the Urubamba valley.

The Bush administration is reticent about its plans but is keen to exploit new sources of energy to reduce dependence on Middle Eastern oil. Its ambition to open up the Alaskan reserve proved controversial, and has so far been blocked by the US Congress.

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