History of the oil shale industry in the United States Act of 1985 which among other things abolished the United States' Synthetic Liquid Fuels Program. Union finally bowed to continued low oil prices and closed the project in 1991, rather than complete the US$2 billion project. Over several decades, some of the world's largest oil companies (Amoco, Arco, Chevron, Exxon, Gulf, Phillips, Shell, Sohio, Sunoco, Texaco, Union Oil) had spent billions of dollars to start an oil shale industry in the Green River Formation, the world's largest oil shale resource. But in the end, cheap petroleum prices drove oil shale out of business. Even after the oil shale bust, some
Amazon Watch Occidental for its damage to the Peruvian rainforest. The District Court initially granted Occidental's motion to dismiss without ruling on whether Amazon Watch had standing to sue. On appeal, the 9th Circuit Court overturned the dismissal and the Supreme Court declined review. Amazon Watch also supported the Achuar indigenous people in opposing oil exploration on their lands by the Canadian oil company Talisman and the Argentinian company Pluspetrol. Amazon Watch also supports a school that trains indigenous leaders how to defend their rights against oil and mining companies. In Brazil, The Brazilian government is building the world's third largest hydroelectric