Best content in Can Petroleum Aid development?

allAfrica.com: Nigeria: Pollution - Group Lauds Ruling Against Shell - 0 views

shared by Arabica Robusta on 18 Jul 10 - Cached

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Oil spill: Shell Ordered To Pay N15.4 billion -Vanguard - 0 views

saharareporters.com/...pay-n154-billion-vanguard.html industry petroleum development oil international nigeria extractive transparency resource curse environment shell news

shared by Arabica Robusta on 18 Jul 10 - Cached

A FEDERAL High Court, yesterday, awarded N15.4billion as special and punitive damages against Shell Petroleum Development Company of Nigeria Limited, SPDC, in favour of Ejama-Ebubu community in Tai Eleme Local Government Area of Rivers State for an oil spill that occurred in 1970.
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Justice Buba in his judgment said: “This is a 2001 matter that has a chequered history. The plaintiffs by their paragraph 32 of the amended statement of claims, jointly and severally claimed against the defendants, special damages of N1.772billion, allowing for interest for delayed payment for five years from 1996 at a modest mean Central Bank of Nigeria deregulated rate for that volume at 25 per cent per annum, totaling N5.4billion.
- Arabica Robusta on 18 Jul 10
  
  Is it 5.4 or 15.4?
  
  <div class="cArrow"> </div><div class="cContentInner">Is it 5.4 or 15.4?</div>
  
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Bowoto v. Chevron Trial Blog - 0 views

bowotovchevron.wordpress.com industry petroleum development oil international nigeria extractive transparency chevron bowoto

shared by Arabica Robusta on 03 Jul 10 - Cached

Andrew Woods: Bowoto v. Chevron - The Flamingo Defense - 0 views

www.huffingtonpost.com/...chevron---the-fl_b_139273.html industry petroleum development oil international nigeria extractive transparency chevron bowoto

shared by Arabica Robusta on 03 Jul 10 - Cached

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Pambazuka - The Chevron precedent - 0 views

www.pambazuka.org/...65583 industry petroleum development oil international nigeria extractive curse resource transparency chevron pambazuka

shared by Arabica Robusta on 03 Jul 10 - Cached

The Bowoto case is the legal reaction to Chevron’s role in a 1998 protest by Nigerian community activists in the Niger Delta. The unarmed demonstrators boarded an oil platform and adjacent barge, property of subsidiary Chevron Nigeria Ltd, in protest over the environmental and economic damage caused by oil production in the region. The activists were attacked on 28 May by Nigerian authorities ferried to the floating protest by the oil corporation. Two men were killed and several more protestors injured. Three others claim detention and torture.
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After nearly 10 years of pre-trial motions wherein many claims were dropped by a pre-trial judge, the case finally debuted in trial in October 2008 and a decision was handed down on 1 December the same year. The nine-bench jury decided in favour of Chevron, clearing the corporation of any liability under the various claims. It was a defendant’s victory, but civil society groups and legal experts still label the case a milestone in advancing corporate accountability.
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The Bowoto case is the first time the multinational magnate Chevron USA Inc. has been successfully taken to a US court for the actions of an overseas subsidiary. ‘Chevron has a very intricate structure, used in part to try and shield itself from liability,’ Simons said. The case has effectively scrapped this corporate strategy.
- Arabica Robusta on 03 Jul 10
  
  To what extent will Chevron's corporate response strategy be scrapped by this decision? It is a sad lesson in the state of corporate recklessness that a blanket victory for Chevron in court is nevertheless considered a "milestone in advancing corporate accountability."
  
  <div class="cArrow"> </div><div class="cContentInner">To what extent will Chevron's corporate response strategy be scrapped by this decision? It is a sad lesson in the state of corporate recklessness that a blanket victory for Chevron in court is nevertheless considered a "milestone in advancing corporate accountability."</div>
  
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The case also broadens the recourse for victims of human rights abuse by American corporations, who can seek redress in US courts under the aiding-and-abetting theory used in Bowoto v. Chevron Corp. that a corporation can be held liable as a third party.
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The ATS is a US law that lets foreign citizens bring claims to US courts for damages done outside of the country. Claims are rarely upheld however, because judges have narrowly interpreted how the ATS is applied. This happened in a 1993 class action suit against Chevron and subsidiary Texaco, representing some 30,000 residents in the Amazon according to Amnesty International. The case was dropped by the US courts and palmed off to Ecuador where it is still ongoing. Other corporations domestically unscathed after US courts dismissed ATS claims include Talisman Energy Inc., the Southern Peru Copper Corporation and Coca-Cola.
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At trial the District Court judge found a corporation is not an individual and can therefore not be sued under the TVPA. ‘This is significant. Most of the important legal precedents in this case have already been set … this is the only rule of law question [in the appeal].’ The TVPA is a civil law that lets citizens file a suit against another party that, acting for a foreign nation, commits torture or extrajudicial killing. In Bowoto v. Chevron Corp. the TVPA claim was thrown out. The word ‘individual’, according to the trial judge, does not describe the multinational Chevron.
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Chevron Should Face Retrial Over Beatings, Court Told (Update3) - BusinessWeek - 0 views

www.businessweek.com/...tings-court-told-update3-.html chevron news petroleum industry development oil international extractive

shared by Arabica Robusta on 15 Jun 10 - Cached

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CONVERGENT INTERESTS: U.S. Energy Security and the "Securing" of Nigerian Democracy - 0 views

www.ciponline.org/NIGERIA_FINAL.pdf africom petroleum industry development oil international nigeria extractive resource curse transparency

shared by Arabica Robusta on 04 Jun 10 - No Cached

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The World Bank's new energy strategy (Bretton Woods Project) - 0 views

www.brettonwoodsproject.org/art-565665 petroleum industry development oil international extractive resource transparency curse world bank renewable energy

shared by Arabica Robusta on 03 Mar 10 - Cached

Based upon the model implemented in England and Wales and in some parts of the United States and Latin America, reforms were geared towards restructuring and privatising state-owned electricity utilities in order to try to improve efficiency through competitive wholesale electricity markets.
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The impact of reform on poverty reduction also became a cause for concern. Even where private sector participation had occurred, expanding access to non-industrial consumers had been considered unprofitable. Stark figures for household access levels, such as 2 billion people without access to electricity worldwide, were difficult to ignoreii.
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interestingly, PSMPs tend to emphasise use of large-scale generation projects to exploit hydro and thermal potential and regional integration of grid networks. Whilst a stable grid serving the entire population might be an attractive long-term goal, rarely has such distributional equity been achieved. More often than not, grid extension programmes have failed to reach the rural poor because they have not always proven to be the most cost-effective means of expanding access to rural areas, mainly due to low population density and greater technical losses as transmission networks increase.
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the mobilisation of private investment is still very important and Bank funding can play a key role in leveraging it. Private investors look to fund ‘bankable’ projects – projects with low risk and quick returns. The result is a bias toward established fossil fuel technologies. Given this bias, when the Bank aims to leverage private sector investment, its funds should be directed towards making low-carbon energy technologies commercially available and competitive.
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