Chevron wins round one against Ecuador « Insomniacs Alarm clock - 0 views
IPS - U.S. Opens Investment in Myanmar Oil and Gas, Over Suu Kyi's Advice | Inter Press... - 0 views
The Chevron Pit: Chevron Lies Through Teeth About Groundwater Contamination In Ecuador - 0 views
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Just in case you missed that last line: groundwater contamination was under pretty much every pit that they looked at. So much for Chevron’s claim that plaintiff's consultants agree with Chevron that there was no groundwater contamination in Ecuador.
Monthly Review September 2006 Michael Watts ¦ Empire of Oil: Capitalist Dispo... - 0 views
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Although Africa is not as well endowed in hydrocarbons (both oil and gas) as the Gulf states, the continent “is all set to balance power,” and as a consequence it is “the subject of fierce competition by energy companies.” IHS Energy—one of the oil industry’s major consulting companies—expects African oil production, especially along the Atlantic littoral, to attract “huge exploration investment” contributing over 30 percent of world liquid hydrocarbon production by 2010. Over the last five years when new oilfield discoveries were scarce, one in every four barrels of new petroleum discovered outside of Northern America was found in Africa. A new scramble is in the making. The battleground consists of the rich African oilfields
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Africa is, according to the intelligence community, the “new frontier” in the fight against revolutionary Islam. Energy security, it turns out, is a terrifying hybrid of the old and the new: primitive accumulation and American militarism coupled to the war on terror.
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To see the African crisis, however, as a moral or ethical failure on the part of the “international community” (not least in its failure to meet the pledges promised by the Millennium Development Goals of reducing poverty by half by 2015) is only a partial truth. The real crisis of Africa is that after twenty-five years of brutal neoliberal reform, and savage World Bank structural adjustment and IMF stabilization, African development has failed catastrophically.
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Jubilee's oil…Bonyere's gas: what's going on? | Pipe(line)Dreams - 0 views
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The World Bank is providing funding for the gas project and Bank officials do not understand why the project is stalling.
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Yeboah’s article focuses on citizens’ grievances in Bonyere and the neighboring communities. Although it is unlikely that community concerns are the main cause of the project delays, it does appear that the government still has some significant community relations issues to resolve.
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Gary explains that, “too often, projects suffer from an ‘original sin’ – affected communities were not adequately consulted prior to the investment decision and had little say about how and whether these projects were developed.”
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Pulling A Fast-One on Transparency | The Con - 0 views
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Until the September 11th 2001 attacks in New York City, corporations could vie for lucrative concessions and shroud their payoffs into the offshore secret accounts of politicians and other key players. But more open banking practices instituted worldwide in the fight against terrorism have made secret bank accounts difficult to hide.
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Companies and governments are now resorting to “in-kind payments” to disguise these backhanders. For instance, leasing office space from an individual with the right political connections at a rate higher than the prevailing market price is a common way of making an in-kind payment. Another practice is to recruit relatives or friends of an influential and politically- connected individual and retain them on payrolls as “facilitators” or “consultants” without clearly-defined responsibilities. Inflating costs for replacing equipment and parts is another fraudulent practice.
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Nigeria is Africa’s largest oil producer and has decades of experience. But it still relies on oil companies to determine the volume of oil produced and shipped out of its territory.
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