|UK: Shell at risk of investor pay revolt|
by Kate Burgess and Ed Crooks, Financial Times
May 5th, 2009
Royal Dutch Shell is facing the risk of a shareholder rebellion over pay for the second successive year after two influential investor advisory groups raised concerns about discretionary pay awards made to board-level executives.
|CHINA: Slump Tilts Priorities of Industry in China|
by Jonathan Ansfield, New York Times
April 18th, 2009
Less than a year ago, officials pressed mines and factories in northern China to shut down or move away to clear the air for the Beijing Olympics. Now, amid the global economic downturn, priorities have shifted. Cumbersome environmental reviews have been accelerated, and China’s powerful state oil companies are pushing hard to postpone nationwide rollout of clean air standards due to the billions of dollars required to invest in their refineries to produce clean diesel.
|US: Oil Giants Loath to Follow Obama’s Green Lead |
by Jad Mouawad, New York Times
April 7th, 2009
The Obama administration seeks the most ambitious transformation of energy policy in a generation. But Big Oil is not on board. Royal Dutch Shell said last month that it would freeze research and investments in wind, solar and hydrogen power, and focus its alternative energy efforts on biofuels. BP, a company that has spent nine years saying it was moving “beyond petroleum,” has been getting back to petroleum since 2007, paring back its renewable program. The list goes on.
|AFRICA/CHINA: As Chinese Investment in Africa Drops, Hope Sinks|
by Lydia Polgreen, New York Times
March 25th, 2009
As global commodity prices have plummeted and several of China’s partners in Africa have stumbled deeper into chaos, China has backed away from some of its riskiest and most aggressive plans. China has sought to secure minerals in Africa through agreements to build huge projects in exchange for minerals. African governments are now realizing that these deals are loans against future revenue, and falling prices could leave them saddled with debt.
|CANADA: The Canadian Oil Boom: Scraping Bottom|
by Robert Kunzig, National Geographic
March 1st, 2009
Once considered too expensive, as well as too damaging to the land, exploitation of Alberta's oil sands is now a gamble worth billions.
Syncrude and Suncor are two of the largest producers of bitumen; Canada is now the largest importer of oil to the United States, with tar sands exploitation slated to increase rapidly over the next five years.
|UK, ITALY: Italian business body hits at Brown|
by Jean Eaglesham, Financial Times
February 9th, 2009
In the context of global debate around the unfettered free-market system, UK Prime Minister Gordon Brown comes under fire from an Italian business association for not reining in wildcat labor strikes at the Lindsey oil refinery in Lincolnshire.
|SWITZERLAND: Davos Scales Back Glitz|
by Associated Press, New York Times
January 25th, 2009
The economic crisis that emerged out the collapse of securities based on shaky U.S. mortgages poses challenges for the Davos World Economic Forum, an arena that has championed market-driven approaches.
|US: Plant That Spilled Coal Ash Had Earlier Leak Problems|
by John M. Broder, New York Times
January 8th, 2009
The chief executive of the Tennessee Valley Authority, which operates the coal-burning power plant responsible for an enormous flood of coal ash in East Tennessee late last month, acknowledged Thursday that the plant’s containment ponds had leaked two other times in the last five years but had not been adequately repaired.
|CANADA/IRAQ: Drill, Garner, Drill|
by Anthony Fenton, Mother Jones
November 24th, 2008
In the history of the Iraq War, one name is perhaps synonymous with the collapse of the Bush administration's hopes for a post-Saddam world: Retired Lt. General Jay M. Garner, who served as the first post-war administrator. This year, he and a small group of former US military leaders, officials, and lobbyists have quietly used their Kurdistan connections to help Canadian companies access some of the region's richest oil fields.
|US: More BP refinery doubts|
October 7th, 2008
Smoke rises from the Whiting refinery now owned by BP. Federal regulators are questioning BP’s permit process. According to the EPA, the agency “now has information suggesting that BP may have begun a project to process Canadian crude oil at the refinery in 2005 without the proper permit.”
|US: California's Number One Inland Oil Polluter in Trouble Again|
Enviroment News Service
October 3rd, 2008
An oil company that state and federal officials have called California's number one inland oil polluter has failed to meet multiple deadlines to clean up leaks from settling ponds on one of its leases, so the U.S. Environmental Protection Agency this week took over partial cleanup operations to ensure they are completed before the rainy season.
|US: Martinez Shell Refinery To Pay $300,000 Penalty For Spill|
September 25th, 2008
The operator of the Shell refinery in Martinez has agreed to pay $300,000 to settle a civil lawsuit charging that the refinery negligently caused about 10 barrels of oil to spill into the Carquinez Strait in Martinez in 2006, according to the Contra Costa District Attorney's office.