Pipe(line)Dreams - 0 views
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Exxon Mobil Corp over its activity in Indonesia
REFILE-REUTERS SUMMIT-Newly oil-rich Ghana struggles to please | Reuters - 0 views
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"Because of oil production, rising expectations in Ghana will have to be met. But at the same time, past policy choices constrain the room for manoeuvre and Ghana is toeing a very delicate line," said Razia Khan, Africa analyst at Standard Chartered Bank in London.
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Across the capital Accra, evidence of new resource wealth abounds - brightly-lit multi-storey buildings, cranes looming over construction sites, well-paved roads and billboards advertising banks, cars and mobile phones.But many Ghanaians remain excluded. An influx of rural workers hoping for jobs in Accra, has spawned a sprawl of outlying shanty towns and spilled vendors across the streets.Standing in a trash-strewn courtyard, 49-year-old school teacher Monica Quansah wonders where the oil money is going."Our children are still attending school under trees," she said. "Those of us in the city don't have reliable power and water, let alone those in the regions."
CorpWatch : Obama Admininstration Backs Shell in Supreme Court Case - 0 views
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Lawyers at EarthRights International, a Washington-based human rights law nonprofit, say they suspect that a new legal submission - which was signed only by the U.S. Justice Department - reflects tensions inside the government on how to deal with multinational corporations do business in the U.S. Significantly, neither the State nor the Commerce Department signed on to the brief, despite their key roles in the case.
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Filartiga v. Peña-Irala set a precedent for U.S. federal courts to punish non-U.S. citizens for acts committed outside the U.S. that violate international law or treaties to which the U.S. is a party. ATCA has brought almost 100 cases of international (often state-sanctioned) torture, rape and murder to U.S. federal courts to date.
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No plaintiff against a corporation has won on ATCA grounds, although some have settled or plea bargained.
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Exxon 'loses' Venezuela nationalisation case - Features - Al Jazeera English - 0 views
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In the latest showdown between western oil companies and Venezuela’s populist president, Exxon Mobil is widely seen as the loser, after the Paris-based International Chamber of Commerce (ICC) ruled that the world’s biggest oil company would not be entitled to most of the damages it demanded after its fields were nationalised.
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Despite this recent victory, PDVSA is facing some trouble. Under Chavez, the energy giant has undertaken ambitious social spending, running subsidised food distribution programmes and international aid projects as if it were a state unto itself. Critics say oil companies should not be delivering government services. And the money used for "Bolivarian" projects means the corporation has less to invest in developing new reserves; production has dropped from about 3.3m barrels per day in 1998 to about 2.25m in 2011, The Economist reported.
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Like many of its South American neighbours, Venezuela has drastically reduced poverty in the past decade; the Bolivarian Republic’s poverty rate fell from 48.6 per cent in 2002 to 27.8 per cent in 2010, according to the UN Commission for Latin America's 2011 report. Inequality also declined sharply. This progress is linked to tough negotiations with foreign oil companies, so the state can have more resources to invest in local communities, Chavez’s supporters contend.
Idku - a neglected town stands up against environmental degradation | Egyptian Initiati... - 0 views
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Talking to Idku locals, their pride in their hometown's past glory is hard to miss - “Idku used to be Egypt’s food basket”, they tell me. But so is the bitterness over its lost potential; the neglect, violations, and loss of their livelihoods, “Idku is an orphan town no one cares about”.
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These factors are further confounded by evident climate change impacts: the community’s resilience to the longer and stronger seasonal wave surges is weakened by the uncontrolled raking of Idku’s sand dunes (now almost completely removed) by big-business construction contractors, changing the coastal topography and depriving the area of a natural shoreline barrier.
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Shifting seasons have aggravated the impacts of already declining fish populations on the vulnerable fishermen, diminishing the catch yield and fish variety. Degraded farmland is suffering from increasing salination, with 95% of the famed guava orchards seriously damaged.
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ENVIRONMENT: EU Bank 'Financing Destruction' in Africa - 0 views
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Osayande Omokaro from Friends of the Earth Nigeria said that European energy firms are eager to increase their investment in Africa in order to compete with China and to reduce their dependence on oil and gas from the Middle East and Russia. "Europeans pride themselves as promoters of human rights, freedom and good governance," he added. "The Chinese do not really promote these values. The Europeans must live by what they practise at home, even if it means losing some ground to the Chinese. It is better to make sure you practise what you preach."
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