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Sixty-four mainly European nongovernmental organizations (NGOs) from some 37 countries are asking international financial institutions (IFIs), like the World Bank, and bilateral export credit agencies (ECAs), including the United States Export-Import Bank, to deny funding for a multi-billion-dollar oil pipeline project to run more than 1,000 miles from the Caspian Sea to Ceyhan, a Turkish port on the Mediterranean.
The Environmental Protection Agency will relax air pollution rules to make it easier for utilities to upgrade and expand their coal-burning power plants, Bush administration sources said yesterday.
A lawsuit claiming US energy giant UNOCAL was complicit in human rights abuses committed by Myanmar's military regime will go ahead in California in September, lawyers said.
San Diego-based Sempra Energy is dodging US environmental laws by building power plants in Mexico -- and shipping the electricity back to California.
Environmentalists are praising Costa Rica's Ministry of the Environment and Energy for turning down a request from a US oil company to drill for oil along the Caribbean coast.
KABUL -- World Bank chief James Wolfensohn said Wednesday he had held talks about financing a fuel pipeline to channel massive gas reserves from Turkmenistan through Afghanistan to India or Pakistan.
Calgary (April 30, 2002) -- Rights and Democracy advised oil corporation Talisman today that future complicity in Sudanese human rights abuses could be liable for prosecution by the impending International Criminal Court.
CUT THE LIFELINE! is an ongoing campaign aiming to cut the economic lifeline keeping the Burmese military dictatorship in power. The latest target in this campaign is Amerada Hess, an American oil company which owns 25 percent of Premier Oil. Premier Oil are the largest UK investor in Burma. Our campaign to persuade them to pull out has been backed by Aung San Suu Kyi and the UK government.
Last Friday, April 12, The Municipal Government of Talamanca (one of the counties where the Costa Rican government granted concessions to U.S. companies for oil development) declared Talamanca an ''Oil-Free'' County. As far as we know, this is the first government entity anywhere that has declared its territory ''free of oil and gas exploration and exploitation'' by initiating a ''moratorium on all activities related to petroleum exploration and exploitation within the Talamancan territory.''
United Mine Workers president Cecil Roberts was one of 11 people arrested Thursday at the site of a huge coal sludge spill as they demonstrated against the environmental performance of Massey Energy.
The implications of Enron's dramatic fall extend far beyond US borders. The once-mighty energy giant's murky dealings in Latin America have emerged as a hot political issue throughout the region, where politicians in some countries are using it as an election tool or to take attention away from their own economic or political woes.
New York (February 27, 2002) -- The U.S. District Court for the Southern District of New York refused to dismiss two lawsuits charging Royal Dutch Petroleum Company, Shell Transport and Trading Company, p.l.c. (Royal Dutch/Shell) and the former head of its Nigerian subsidiary, Brian Anderson, with human rights violations against activists Ken Saro-Wiwa and John Kpuinen.
LONDON -- BP PLC has announced it will no longer make political donations anywhere in the world, acknowledging that the relationship between corporations and government is under unprecedented scrutiny.
HOUSTON -- Enron Corp., plagued by investor doubts and under the gun to shore up its crumbling finances, said on Thursday it was talking with power trading rival Dynegy Inc. about a possible merger.
HOUSTON -- The slick financing that helped turn Enron Corp. into a mighty power-brokering dynamo became its Achilles' heel, leaving the energy trader teetering toward bankruptcy after a smaller rival abandoned plans to buy it.
How could one of the most wealthy and powerful corporations in the world go bust overnight? It turns out that the 7th largest US business was mostly smoke and mirrors.
WASHINGTON -- The firm that audited the books of collapsed Enron Corp., Arthur Andersen LLP, disclosed Thursday that a ''significant but undetermined'' number of documents related to the company had been destroyed.