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China: Oil Giants Look to Biofuels

China's oil giants are currently vying for a leading position in the development of bio-fuels. China’s National Offshore Oil Corporation - the country's third largest oil company, will strengthen its alternative energy development activities by establishing a bio-diesel refining facility...

Air Transport is Being ‘Scapegoated’ Over Climate

For months there have been consistent rumours of a concerted air industry fight back over climate change, especially in the UK, where airlines and climate has become the latest environmental battle-ground. A new front group, Flying Matters, has been formed...

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...

Billions in Oil Missing in Iraq

Further to Steve’s blog on Saturday – more on the New York Times story. Between 100,000 and 300,000 barrels a day of Iraq’s declared oil production over the past four years is unaccounted for and could have been siphoned off...

Iraqi Oil Workers Address US Congress

Just as the New York Times reports on billions in missing Iraqi Oil (see below), Hasan Jum'a Awwad, Head of the Iraqi Federation of Oil Unions, has urged Congress "not to link withdrawal with the oil law": Open Letter to:...

Tell Shell – Hands Off Iraqi Oil!

Anyone in London next Tuesday and want to protest at the Iraqi Oil Law? Well get yourself down to Hammersmith to join the Hands Off Iraqi Oil Protest at Shell's Annual General Meeting. It is being held from 8.30 AM...

“Nationalism” A Threat to Oil Supplies

Increasing state ownership and rising resource nationalism are emerging as the main long-term threats to global oil supplies, argues the consultancy, PFC Energy. The report highlights the shift in power towards state-controlled national oil companies. Multinationals own or have access...

Heating up for Wolfowitz at the Bank

The Government Accountability Project (GAP) is accusing beleaguered World Bank President Paul Wolfowitz of trying to weaken references to climate change in the World Bank's Clean Energy and Investment Framework. GAP has released an internal summary of a February 2006...

McCain Warns of Vulnerability of Foreign Oil

In the third of three major policy addresses, Republican presidential candidate, John McCain has talked about the “great and urgent challenge - breaking our nation's critical dependence on foreign sources of oil”. In a speech to the Center for Strategic...