CITGO’s Donation of Petty’s Island Highlights Commitment to Environmental Stewardship, Friendship Between Peoples of Venezuela, U.S.
Apr 21, 2009
The project to transform the island into a natural preserve is being carried out in cooperation with the government of the State of
“This donation highlights the commitment of the people of
The 529-acre island is located in the Delaware River, close to
Subsequently, the island had several owners and was even used for the infamous slave trade, for illegal lotteries and for duels. Cities Service, which became CITGO in 1983, acquired Crew Levick Company and its Petty’s
PDVSA acquired a 50 percent stake in CITGO in 1986. At that time, the company’s assets included Petty’s
During the past decade, real estate developers had exercised pressure on local authorities to designate the island for the development of hotels, casinos, golf courses and luxury homes. At the same time, CITGO, with the support of PDVSA and in alignment with the social development principles endorsed by the Bolivarian Republic of Venezuela, has been working in cooperation with the local authorities and environmental and community groups so that the island can be used instead for an ecological preserve, in order to protect its rich flora and fauna and its historical and cultural value.
Within this context, the island’s fate has been one of the most important environmental topics in
The decision to preserve the island as a natural oasis of wild life and an education center for environmental and cultural topics has been embraced with enthusiasm by the surrounding communities and environmental organizations. Thanks to the efforts of the
CITGO, based in
For more information visit www.citgo.com