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The Price of Oil

Exposing the true costs of fossil fuels

Oil Change International campaigns to expose the true costs of fossil fuels and facilitate the coming transition towards clean energy.

Posts in April 2007

• Bush Expands Oil Drilling In Alaska And To Virginia

  Andy Rowell, April 30, 2007
  The U.S. Interior Department will release today its new five-year plan to expand oil and gas drilling in the Gulf of Mexico, as well Alaska and Virginia. The proposed drilling area includes major fishing areas and is set to be controversial. The new leasing plan “would significantly increase the nation’s domestic energy supplies while protecting...
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• Chinese Oil Workers Freed in Ethiopia

  Andy Rowell, April 30, 2007
  Seven Chinese oil workers and two Africans who were kidnapped last week during a rebel attack on a Chinese oil field near the Somali border have been released. The Ogaden National Liberation Front, a militant group fighting for control of eastern Ethiopia, claimed responsibility for the attack last week, which is run by a division...
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• BP Expands in Pakistan

  Andy Rowell, April 30, 2007
  BP looks set to win a controlling stake in Pakistan State Oil (PSO) in a deal worth around $600 million.The Pakistani Government owns 54 per cent of PSO and is selling 51 per cent stake in the group, leaving 3 per cent in government hands. BP has been competing with Petronas, the Malaysian oil and...
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• An Appeal to Pelosi to Help End Oil Aid

  Andy Rowell, April 27, 2007
  Only 10 days after Congressman Maurice Hinchey introduced the End Oil Aid Bill in the U.S. Congress, more than 150 organizations from 50 countries have written to House Speaker, Nancy Pelosi, recognizing her clean energy efforts and calling on her to lend support to eliminate international ‘oil aid’. The letter (Acrobat pdf) cites over $20...
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• Ecuador Throws Out World Bank Rep Over Oil Aid:

  Andy Rowell, April 27, 2007
  Direct World Bank financing for oil companies is worth hundreds of millions of dollars a year, but the Bank’s behind the scenes work to make the world safe for Big Oil is priceless. While Bank support for mega-projects involving companies like Exxon and BP may get most of the attention, the Bank’s biggest impact on...
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• Democratic Senators Propose Oil Windfall Tax

  Andy Rowell, April 27, 2007
  A group of eight “freshman” Democratic senators have introduced legislation that would impose a windfall profits tax on oil companies as well as revoking some government subsidies. The legislation, proposed by Senator Robert Casey, D-Pa., would impose a 50 percent tax on profits after oil prices rise above $50 a barrel. It also repeals tax...
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• EU-US Divided Over Climate

  Andy Rowell, April 27, 2007
  Divisions over climate change threaten to derail next week’s set piece EU-US summit. The meeting, which will be hosted by George Bush and attended by Germany’s Chancellor, Angela Merkel, was seen as an opportunity for Europe and the US to align their positions on climate change before a G8 meeting in June.

• Nigeria’s New President Pledges To Tackle Oil Violence

  Andy Rowell, April 27, 2007
  Nigeria’s president-elect, Umaru Yar’Adua, intends to tackle violence in the Niger Delta by initiating dialogue with “militants” when he assumes office. Yar’Adua, who won the disputed election, said he would get to work immediately on solving the crisis in the Delta. “You can expect a clear plan to be developed for the solution of the...
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• The Carbon Credit ‘Smokescreen’

  Andy Rowell, April 26, 2007
  An investigation by the Financial Times has found that the millions of dollars being spent on “carbon credit” projects yield few if any environmental benefits. In some cases, companies are paying emission reductions do not even take place. In others the clean-up would have been made anyway.

• UNEP to Begin Cleaning Up the Niger Delta

  Andy Rowell, April 26, 2007
  The United Nations Environment Programme (UNEP) is preparing for a massive clean up operation of oil spills in the Niger Delta, including in Ogoni. UNEP’s Country Director, Turhan Saleh said the clean up work would be the most challenging task the organization has undertaken in recent years.