US companies are thinking of moving back into the Libyan oil and gas market. US private equity giant Carlyle is in talks to acquire Libya’s state-controlled oil refining and marketing operation, Tamoil. Al-Saadi Gaddafi, the son of Colonel Muammar Gaddafi, has confirmed that Carlyle is one of four or five groups involved in an international […]

Congressional Democrats have introduced legislation that would bar some international companies from receiving U.S. government contracts if they continued to do business with Sudan. The bill is an attempt to put pressure on Sudan to do more to end the genocide in Darfur. Rep.
Barbara Lee told reporters: “This bill is designed to wash the blood […]

A new report from the United Nations Conference on Trade and Development (UNCTAD) draws attention to the fact that rich countries are increasingly using aid money to advance their energy interests in Africa.

I pledge allegiance to Big Oil,
run by the richest CEOs in America,
and to the gas pump from which it flows:
one profit margin, unchecked by Congress,
with higher gas prices for all!
Loyal to Big Oil—a partnership between Billionaires for Bush and Oil Change International’s Separation of Oil and State campaign—is a strategic media campaign using humor to […]

Sir Richard Branson, the head of the Virgin group of companies, yesterday committed $3bn to “tackle” climate change.
The billionaire pledged all profits from his Virgin air and rail interests over the next 10 years to combating rising global temperatures. However, the money will not go to charities but be invested in a new branch of […]