Posts in February 2007
South Korean Jailed in UN Oil-for-Food Scandal
The South Korean businessman Tongsun Park, has been sentenced to five years in prison for accepting at least $2 million to work on Iraq’s behalf to influence the UN oil-for-food program. Park was sentenced by US District Judge Denny Chin for his conviction seven months ago on conspiracy charges. A jury had rejected his claims…
Continue reading ‘South Korean Jailed in UN Oil-for-Food Scandal’.BP Employee Deleted Files From Computer Over Fire
A BP employee has admitted destroying documents after plaintiffs’ lawyers subpoenaed her laptop on an anonymous tip that she had information useful in the lawsuits against the UK oil company arising from its fatal refinery explosion, reports the Financial Times. Court records show that on November 3 2006, plaintiffs’ lawyers subpoenaed Susan Moore, BP regulatory…
Continue reading ‘BP Employee Deleted Files From Computer Over Fire’.Outrage As Shell Gets Green Light to Drill in Beaufort Sea
The U.S. Minerals Management Service (MMS) has approved Shell’s plan to drill as many as a dozen exploration wells over the next two years in the Beaufort Sea. The agency, which supervises Alaska’s oil and gas leasing released an environmental assessment that said that the project would not cause “undue or serious harm or damage…
Continue reading ‘Outrage As Shell Gets Green Light to Drill in Beaufort Sea’.An Ugly Oily Truth in Iraq
Good article in the New York Daily News about Iraq’s new oil law. “Throughout nearly four years of the daily mayhem and carnage in Iraq, President Bush and his aides in the White House have scoffed at even the slightest suggestion that the U.S. military occupation has anything to do with oil” says the paper….
Continue reading ‘An Ugly Oily Truth in Iraq’.Yukos Goes To Auction
The bankrupt Russian oil company Yukos, whose former owner Mikhail Khordorkovsky languishes in a Siberian prison, is to be sold off next month in the first in a series of “bargain basement” auctions. Russian bankruptcy officials have confirmed that the first batch of Yukos assets will be sold at the end of March, with further…
Continue reading ‘Yukos Goes To Auction’.Chávez Provides Cheap Fuel for London Buses
President Chávez’s “21st century socialism” reached London yesterday when Venezuela signed an agreement to subsidise the fuel bill for the capital’s buses by up to $32m a year to fund cheap travel for the poor. Ken Livingstone, London’s mayor, said the 20 per cent discount would fund half-price rates on buses or trams for 250,000…
Continue reading ‘Chávez Provides Cheap Fuel for London Buses’.EU Agrees Binding Carbon Cuts
European countries have agreed to a fresh cut in CO2 emissions covering the period after the Kyoto agreement finishes in 2012. The agreement calls for a cut of 20 per cent on 1990 levels but that figure will rise to 30 per cent if it can be agreed internationally. The agreement has been hailed as…
Continue reading ‘EU Agrees Binding Carbon Cuts’.Exxon Tries to Stop Browne’s Court Appearance
ExxonMobil has thrown its weight behind rival BP in an attempt to block a precedent-setting court order requiring Lord Browne, the UK oil group’s beleaguered chief executive, to testify tomorrow in a civil lawsuit. Exxon, along with and a string of Texas business groups, are petitioning the Texas Supreme Court to overrule a decision by…
Continue reading ‘Exxon Tries to Stop Browne’s Court Appearance’.Angola: Anti-Corruption Oil Campaigner Arrested
Anti-corruption group Global Witness is demanding the immediate and unconditional release of their African oil campaigner Dr Sarah Wykes, who has been arrested by armed Angolan police in Cabinda, whilst visiting the oil rich enclave to meet with local civil society representatives. According to Global Witness, she was arrested and taken from her hotel to…
Continue reading ‘Angola: Anti-Corruption Oil Campaigner Arrested’.Carbon Offset Companies Using Enron Style Accounting
A new report from Climate Trade Watch, which is affiliated to the Transnational Institute, accuses carbon offset companies of using the same sort of ‘future value accounting’ that caused the collapse of energy giant Enron.
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