Read the latest insights and analysis from the experts at Oil Change International.
The history of Shell on the African continent is wrapped in a vortex of controversy that stretches back decades. However, last week, in a significant victory, a High Court in South Africa ruled that Shell’s exploration right to conduct seismic surveys on the so-called “Wild Coast” of the country was granted unlawfully.
Late last week, the Norwegian government issued a license to energy giant Statoil to allow it to start drilling in the controversial Arctic waters of the Barents Sea.
World Bank Group finance for projects that included fossil fuel exploration was highest in FY2013, at nearly $1 billion out of $2.7 billion total for fossil fuel projects in 2013.
