Undermining its own credibility in Copenhagen and the integrity of its pledge to phase out support for fossil fuels, an agency of the Obama Administration, the United States Export-Import Bank, has reportedly approved $3 billion in financing for an Exxon led consortium constructing a liquefied natural gas plant on Papua New Guinea.

According to a leaked letter, the Obama Administration is set to propose ending fossil fuel subsidies next week at the Pittsburgh G20. The letter, authored by Michael Froman who is an Obama advisor on international economic affairs, calls on the G20 to eliminate all fossil fuel and electricity subsidies, as a “logical step in combating [...]

The ShellGuilty Campaign:
ROYAL DUTCH SHELL FORCED TO SETTLE HUMAN RIGHTS CASE OUT OF COURT
Damning Evidence Reveals Shell’s Complicity with Crimes Against Humanity; Landmark Case Resolved in Favor of Families of Executed Nigerian Environmental Leader Ken Saro-Wiwa and Others After 14 Year Legal Battle
New York– After legal battles lasting nearly fourteen years, oil giant Royal Dutch [...]

I never have been big on rules.
And neither apparently, is Tim DeChristopher.  He’s the young activist who just completely derailed the Bush Administration’s plans to sell more of our public lands to the oil companies.
He sat in the lease sale in Salt Lake City on December 19th and “bought” 22,500 acres of public lands right [...]

The following article ran in the Guardian (UK) and was written by Jeremy Leggett.  It is based on the publication of this report (large pdf).
If eight companies across a broad spectrum of UK industry had warned, five years ago, that a ruinous credit crunch would hit the global economy this year, might the government have [...]