Ecuador is the latest oil-producing country to try and renegotiate the terms and conditions over contracts, this time trying to impose a windfall tax on Chinese companies in the country.
However the Chinese state oil firms are seeking international arbitration to try to overturn the move, arguing it threatens millions of dollars of investment in the […]

The world’s largest greenhouse-gas emitter, China, will agree to cut its soaring carbon dioxide emissions, one of the country’s leading environmentalists forecast yesterday.
But it would only be on the basis of a deal with the United States and the rest of the developed world.

China has acknowledged an alarming rise in birth defects, amid concern that heavy pollution is damaging the country’s children.
Babies born with conditions such as cleft palates and extra fingers and toes now account for up to 6 per cent of births each year, according to statistics published yesterday.

A Darfur rebel group has claimed it has attacked a Sudanese oilfield in the Kordofan region, taking a Canadian and an Iraqi oil worker hostage, according to the BBC.
The group, the Justice and Equality Movement (Jem), said it attacked the facility which is run by a Chinese-led consortium in the Defra oilfield.

Stupid Idea One. China’s largest coal company Shenhua Group will produce China’s first barrel of oil fuel from coal in 2008 using technology known as direct coal liquefaction.
“We have finished 95 percent of the engineering projects at the first production line in Erdos of north China’s Inner Mongolia Autonomous Region. The line will start making […]