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Energy

Those who own, extract, process, and sell the fossil fuels on which modern culture is (often regrettably) based make up perhaps the single most powerful industry in the world. While energy policy in the United States is made behind closed doors with oil barons, wars are fought in the Middle East over oil & gas, and geopolitics in South America is revolutionized on the power of vast oil reserves.


Pemex Secretly Expanding Fracking In Mexico, Say Activists
by Richard SmallteacherCorpWatch Blog
June 26th, 2015
Petróleos Mexicanos (Pemex), the state owned oil company, is quietly expanding operations to extract oil from shale deposits in six Mexican states. However, the company has failed to disclose its use of a controversial technology called fracking and explain the potential environmental impacts to local communities, say activists.

Soco International Accused of Paying Bribes for Congo Oil Exploration
by Richard SmallteacherCorpWatch Blog
June 12th, 2015
Shareholders have demanded that the CEO of Soco International be fired after handwritten receipts for $42,250 in alleged bribes to Congolese army officials were published by Global Witness. At the time, the UK company was exploring for oil in Virunga, a United Nations World Heritage site in eastern Congo.

BP Sued By Mexican Fishing Businesses for Deepwater Horizon Spill
by Richard SmallteacherCorpWatch Blog
May 7th, 2015
British Petroleum (BP) has been sued by some 25,000 Mexican fishing businesses over the 2010 Deepwater Horizon disaster in the Gulf of Mexico. The company says it has paid $1.8 billion in compensation to U.S. businesses but has yet to offer money to those affected south of the border.

Fishing Community Sues World Bank Over Tata Mundra Power Plant
by Pratap ChatterjeeCorpWatch Blog
May 1st, 2015
An Indian fishing community is suing the World Bank in Washington DC over the environmental damage caused by a coal powered plant owned by Tata Power, the largest electricity company in India. The 4,150 megawatt plant is located in the port city of Mundra in Gujarat state.

Australian Uranium Mining Company Accused of Contaminating Lake Malawi
by Mayu ChangCorpWatch Blog
January 28th, 2015
Paladin Energy, an Australian mining company, has been accused of discharging uranium-contaminated sludge into Lake Malawi, which supports 1.7 million people in three countries – Malawi, Mozambique and Tanzania. The company began uranium mining operations in Malawi in 2009 although it suspended operations last year after ore prices fell.

U.S. Attorneys General Form Secret Alliance To Help Energy Companies
by Pratap ChatterjeeCorpWatch Blog
December 8th, 2014
Major energy companies have effectively created a secret law firm of conservative attorneys general to persuade Washington lawmakers to gut environmental regulations, according to an investigation by the New York Times. In return, these senior government officials have received millions of dollars to help them win political campaigns.

Adani Gets Billion Dollar Loan for Australian Mega Coal Project
by Richard SmallteacherCorpWatch Blog
November 26th, 2014
Adani Enterprises has been offered a $1 billion loan by the State Bank of India to support a mega coal mining project in the Galilee basin in central Queensland, Australia. Environmentalists say that the accompanying industrialization is likely to severely impact the Great Barrier Reef, 400 kilometres away.

Tanzanian Officials Arrested For Failure to Publish Natural Gas Contract Details
by Pratap ChatterjeeCorpWatch Blog
November 7th, 2014
Two senior Tanzanian officials were arrested after they failed to produce details of 26 multi-billion dollar agreements signed with Statoil of Norway; the BG Group and Ophir from the UK; and ExxonMobil from the U.S. Opposition politicians want assurances that the money will be spent in a transparent manner.

Chevron Wins Ecuador Arbitration But Money May Go To Amazon Communities
by Mayu ChangCorpWatch Blog
October 13th, 2014
The Dutch Supreme Court recently upheld an arbitration tribunal judgment requiring the Ecuadorean government to pay Chevron $106 million for breach of contract. Ironically, activists say Ecuador is now free to hand this money to indigenous communities who have sued the oil giant for pollution in an unrelated case.

Pipeline Leaks in Caspian Sea Oil Project To Cost $4 Billion
by Pratap ChatterjeeCorpWatch Blog
October 9th, 2014
Kashagan, Kazakhstan's flagship offshore oil project in the Caspian Sea, will need to spend some $4 billion to repair 200 kilometres of pipelines that are leaking corrosive sulphur-containing gas, according to new estimates. The reports confirm long standing fears of environmental organizations and the local community.

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