Global coalition calls for an end to ‘oil aid’
October 19, 2007, Washington, DC. – More than 200 organisations from 56 countries are calling on the World Bank and other international financial institutions to end subsidies to the oil industry. In a statement released today, the groups refer to ‘oil aid’ as one of the most […]

The news outlet, Agence France-Presse, reported today that dozens of Iraqis held a demonstration in central Baghdad against the proposed Oil Law which would open Iraq’s oil and gas sector to U.S. and other foreign oil companies. The Oil Law has already been approved by Prime Minister Nuri al-Maliki’s cabinet and goes for debate next […]

On Monday, the Moscow Times ran a story on one of the most watched projects in the Caspian region. Kashagan, an offshore oil project in the Kazakh sector of the Caspian Sea, is the largest oil field to have been discovered anywhere in the last 30 years, with an estimated 38 billion barrels of oil.
According […]

A study done by the Center for American Progress (CAP) shows a strong correlation between Big Oil political contributions and votes on energy legislation which eliminates $16 billion in oil company tax breaks and royalty relief.
The 221 House members who voted for the House energy bill received around $5.8 million in total from the […]

The US House of Representatives missed an important opportunity to end oil aid in a bill [Acrobat pdf] that will “re-authorize” the Overseas Private Investment Corporation (OPIC) – one of two agencies in the US government that uses taxpayer dollars to provide financing, insurance and guarantees to US businesses wanting to expand their operations in […]