How many billions of dollars a year are the world's armies spending to defend oil supplies instead of human life? If you ask NATO the answer is apparently: “Not enough.” According to Jamie Shea, director of policy planning in the...
As the campaigners attack Shell in London (see below) it has been announced that the first crude oil pumped by a foreign company in Iraq in decades will flow into the global market next month. DNO, a Norwegian oil company,...
New analysis of the latest ExxonMobil funding reports reveals that in spite of recent public statements to the contrary, the company continues to bankroll organizations that misrepresent the science and urgency of global warming. The research, conducted by Greenpeace’s ExxonSecrets.org...
Environmental organizations today applauded Rep. Maurice Hinchey (D-NY) for introducing legislation that seeks to end subsidies for the international operations of oil companies. The “End Oil Aid” bill, introduced yesterday, calls on international financial institutions including the World Bank, Export...
An investigation by the Financial Times has found that the millions of dollars being spent on “carbon credit” projects yield few if any environmental benefits. In some cases, companies are paying emission reductions do not even take place. In others...
Direct World Bank financing for oil companies is worth hundreds of millions of dollars a year, but the Bank's behind the scenes work to make the world safe for Big Oil is priceless. While Bank support for mega-projects involving companies...
Multilateral development banks concluded a two day conference in London yesterday on “Financing Clean Energy”. Non-governmental organizations were generally shut out of the meeting, restricted to a handful of participants, but a long list of oil and energy companies were...
BP conceded defeat in the auction yesterday of a $7.6 billion stake in Rosneft that had been held by the bankrupt company Yukos. This allowed the state oil company to buy its own stock at a 10 per cent discount...
A pair of recent articles from UPI correspondent Ben Lando, here and here, flesh out the details as to the importance of Iraq's oil unions and their long and storied past. The unions, which have been cut out of the...
Oil giant Shell has been repeatedly warned by the UK authorities about the poor state of its North Sea platforms. The company's dismal record undermines Shell's public commitment to improve its performance after a fatal explosion on the Brent field...
