Global coalition calls for an end to āoil aidā October 19, 2007, Washington, DC. ā 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 āoil aidā as one of the … Read More
End Oil Aid
Kazakhstan renegotiating contract for Caspian oil
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. … Read More
Oily influences on US energy legislation
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 … Read More
US House āDiscouragesā International Oil Subsidies, But Falls Short of Ending Oil Aid
The US House of Representatives missed an important opportunity to end oil aid in a bill [Acrobat pdf] that will āre-authorizeā the Overseas Private Investment Corporation (OPIC) ā 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 … Read More
Trouble in the Colonies
The Fourth of July was cool and rainy in Vermont, as it seems to be with surprising regularity. I suppose thatās why my town sets off its fireworks on the evening of July 3rd, which was perfect for pyrotechnics this year. Fireworks finished, I had all day Wednesday to contemplate this yearās version of American … Read More
Jubilee Act Introduced
Representatives Maxine Waters (Democrat from California) and Spencer Bachus (Republican from Alabama) have introduced the 2007 Jubilee Act for Responsible Lending and Expanded Debt Cancellation (HR 2634) in the United States House of Representatives. Oil Change International has been working with Jubilee USA on the connection between oil dependence and the debt trap, and the … Read More
Public support builds for End Oil Aid Act
Today, over 30 U.S. environmental, development and faith-based organizations sent a letter to the U.S. House of Representatives (Acrobat .pdf) calling on Members to support the End Oil Aid Act. “The U.S. can play a critical role in fighting our addiction to oil, alleviating global poverty and combating climate change as we move toward a … Read More
US Government Charging Oil Companies Low Rates
A statement released June 1 by the US Government Accountability Office (the “investigative” arm of Congress), finds that “the US federal government receives one of the lowest government takes [from oil and gas development] in the world.” The testimony, delivered to Congress on May 1 but only publicly released last Friday, indicates that while there … Read More
U.S. Groups Demand Bush Heed Climate Justice Concerns at G8
A coalition of about 30 U.S. development and environmental NGOs called on President Bush today to stop standing in the way of a landmark deal on climate change at the upcoming G8 Summit in Heiligendamm, Germany. The coalition, which includes Oil Change International, Friends of the Earth U.S., Oxfam America, the Sierra Club, Action Aid … Read More
16,000 police and a 12 kilometer fence surround G8 Summit
The upcoming G8 Summit, which formally begins on June 6, is one of the biggest security operations in Germany’s post-war era. The German government has brought roughly 16,000 police officers and 1,100 soldiers from across the country to Heiligendamm, Germany, a small resort town on the Baltic coast where the Summit will take place. Germany … Read More