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Exxon’s Xmas Gift to Alaska

Happy Christmas Alaska. Exxon’s present to those desperate for compensation from the Exxon Valdez oil spill is its new defence in the U.S. Supreme Court that the $2.5 billion verdict the company was ordered to pay conflicts with more than...

Iraq Launches 1st Tanker in 27 Years

Are the Iraqis gearing up for a major oil export drive? They have just launched their first new ship in 27 years and delivery of two more tankers is expected within three months. The Dijlah — the name for the...

Another Week, Another Oil Spill

Suddenly another week cannot go past without another oil spill. Recently, we have had spills in Russia, California, South Korea and now Norway. Yesterday, about 25,000 barrels of oil spilled into the Norwegian sector of the North Sea at the...

Seoul Declares Oil Disaster

South Korea has declared a section of its west coast a special disaster zone, as thousands of residents, soldiers and police spent a fifth day trying to mop up the worst oil spill in the country's history. President Roh Moo-hyun...

Aiding Oil, Harming the Climate

Bali, Indonesia – Oil Change International today released a new database and report that reveals over $61.3 billion in international public financing has benefited the oil and gas industry since 2000. Just last week, the European Parliament overwhelmingly passed language...

Meanwhile BP Pumps Billions into Oil Sands

Oh the cruel irony. As delegates in Bali are joined by low lying Pacific Islanders alarmed at the rate that homes are submerging under water, its business as usual for the oil industry. Their message to Bali is: two-fingers to...

EP Passes End Oil Aid Resolution

There has been a great victory for the global End Oil Aid Coalition. With a resounding majority (540 MEPs in favour), the European Parliament yesterday passed a resolution on trade and climate change which calls for “the discontinuation of public...

Saudi Holds 200 Over Foiled Oil Attack

Saudi Arabia says it has arrested 208 militants for involvement in cells planning an imminent attack on an oil installation, as well as attacks on clerics and security forces. State television in the world's biggest oil exporter said one of...

Chavez: Oil Is Cheap Compared to Wine….

If you sit down and enjoy a glass of wine tonight with your evening meal, you can be thankful that your car does not run on the stuff. Hugo Chavez, Venezuela’s president said yesterday that that record crude prices are...