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The Price of Oil

Exposing the true costs of fossil fuels

Oil Change International campaigns to expose the true costs of fossil fuels and facilitate the coming transition towards clean energy.

Posts in Latin American oil

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  New Amazon Oil Threat

  Andy Rowell, March 27, 2013
  On the same day that Peru declares a State of Emergency over oil pollution in the Amazon, the Ecuadorians offer 3 million hectares of pristine forest to the Chinese to explore for oil.
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  Appeal Court Upholds Chevron Guilty Verdict

  Andy Rowell, January 4, 2012
  Chevron has been found guilty again. Yesterday, an Ecuadorian appeals court upheld a ruling that the oil giant should pay US$18 billion in damages for polluting the Amazon. It was last February that a local judge had ordered Chevron to pay US$8.6 billion in damages, but the amount was doubled to US$18 billion because Chevron...
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  Oil Spill off Rio Sets Chevron at the Center of Scandal

  Traci Romine, November 17, 2011
  Chevron is at the center of a scandal over the oil spill in the offshore Campos Basin Frade field about 230 miles from the coast of northeast Rio de Janeiro. Originally the company said that the spill was natural seepage from the field. Well, no, it appears it was not. The scandal began to unravel on...
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  Chevron Guilty: Clean Up the Amazon!

  Andy Rowell, May 24, 2011
  Last week it was Shell’s AGM and its turn to face the wrath of shareholders and activists for its appalling environmental record. This week its Chevron’s turn with its AGM tomorrow. Protests kicked off in dramatic style yesterday, when activists from Amazon Watch and Rainforest Action Network rappelled from the Richmond Bridge in the San...
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  Chevron Guilty

  Andy Rowell, February 15, 2011
  In an historic victory, a small court in Lago Agrio, in Ecuador’s Amazon has ordered that Chevron  pay some $8.6 billion in damages. The court ruled in favour of the indigenous peoples of the Amazon who have spent the last 18 years seeking damages for systematic and chronic oil pollution. Chevron inherited the suit when...
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• “Brazil is the future for the oil industry”..

  Andy Rowell, September 24, 2010
  Are investors put off by the risks of ultra deepwater drilling after the Deepwater Horizon disaster? If the frenzy down in Brazil is anything to go by – the answer is a staggering no. Brazil’s national oil company, Petrobras, has just raised a whopping $70bn in the biggest share issue in corporate history. And the...
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• Ecuador accuses oil firms of “abusing” country

  Andy Rowell, April 19, 2010
  It is the latest twist in the on-going soap opera of Ecuadorian oil. You have the Indigenous Indians fighting in the courts in a multi-billion battle against Texaco’s lethal toxic legacy – a battle that has been going on for decades. But now the tiny Latin American country is threatening to follow its powerful neighbour,...
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• The Bust Before the Boom

  Andy Rowell, March 30, 2010
  The corridors of power in Buenos Aires would have been chortling with laughter yesterday as the British oil boom in the Falklands looked like going bust, even before it began. Over the last month, as the oil-industry hype grew, the war of words between Argentina and Britain escalated, threatening to become a full blown diplomatic...
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• Has BP Backed A $7 Billion Wrong Horse?

  Andy Rowell, March 11, 2010
  Just days after outlining its business strategy BP is offering a massive $7 billion in cash to buy Devon Energy’s deepwater assets. In a broad-ranging deal, BP will pay Devon Energy $7 billion for assets in Brazil, Azerbaijan and the US deepwater Gulf of Mexico. Interestingly the deal also involves extraction of the oil sands....
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• “Whipping up the spectre of an oil war”

  Andy Rowell, February 19, 2010
  Tensions are rising rapidly over the imminent oil exploration around the Falklands. Yesterday Argentina accused Britain of “whipping up the spectre of war” after the British Prime Minister Gordon Brown, insisted the Falkland Islands were being properly protected to allow oil and gas exploration. “We have made all the preparations necessary to make sure the...
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