Oil giant Shell is expected to pay out more than $700m in fines and compensation to settle the reserves fiasco that has dogged the company for the last few years.
The figure was revealed by Shell after it offered to settle damages claims of $352m with European investors and hoped to find a similar solution with […]

A report released this week by the Government Accountability Project (GAP), a whistleblower protection organization based in Washington D.C., demonstrates the politicization of climate science.
According to GAP, political policies and practices “have increasingly restricted the flow of scientific information emerging from publicly-funded climate change research.
This has negatively affected the media’s ability to report objectively on […]

The FBI is investigating whether Alaska political appointees improperly punished state regulators who tried to enforce environmental rules against oil companies operating in Alaska.
The inquiry is connected to an ongoing criminal investigation of BP for allowing pipelines it operates to corrode enough to cause a large oil spill on Alaska’s North Slope in 2006. Similar […]

The head of France’s biggest listed company, oil group Total SA , is being questioned by police in a probe into alleged corruption in Iran, reports Reuters.
Christophe de Margerie, who only moved up to the chief executive’s post at Total last month, has been under investigation for several months by French judges probing corruption allegations […]

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 […]