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Chevron's 2008 annual report is a glossy celebration of the company's most profitable year in its history. What Chevron's annual report does not tell its shareholders is the true cost paid for those financial returns, or the global movement gaining voice and strength against the company's abuses. This jointly-produced report documents negative impacts of Chevron's operations around the globe, in stark contrast to the message sent by the company's ubiquitous "Human Energy" advertising campaign. Read More

Originally posted at http://www.sfgate.com/cgi-bin/blogs/green/detail?entry_id=40674 Read More

A study by Greenpeace and several other environmental groups has concluded that Royal Dutch Shell's carbon intensity will rise 85 per cent as it develops its oil and gas fields in the coming years. Campaigners warn Shell's investors that this disadvantages the company vis a vis its peers as US and European policymakers move towards a broad cap-and-trade system to limit carbon emissions. Shell's growing carbon intensity stems from its resource base, which is heavily made up of Canadian oil and Nigerian gas. Read More

Annual meeting will face an outcry from shareholders and campaigners over boardroom bonuses and pollution record Read More

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Texaco, the American oil company that Chevron acquired in 2001, once poured oil waste into pits used decades ago for drilling wells in Ecuador's northeastern jungle. Texaco's roughnecks are long gone, but black gunk from the pits seeps to the topsoil here and in dozens of other spots. These days the only Chevron employees who visit the former oil fields do so escorted by bodyguards toting guns. They represent one side in a bitter fight that is developing into the world's largest environmental lawsuit, with $27 billion in potential damages. Read More

In a combative and sometimes colorful annual meeting, Chevron's CEO and chairman exchanged barbs with activists over pollution in the Amazon rain forest and the company's human rights record. The nation's second-largest oil company is awaiting a verdict from a judge in Ecuador that could come with a $27 billion price tag. Read More

As the Obama administration tries to steer America toward cleaner sources of energy, it would do well to consider the cautionary tale of this new-generation nuclear reactor site. The massive power plant under construction on muddy terrain on this Finnish island was supposed to be the showpiece of a nuclear renaissance. But things have not gone as planned. Read More

Some of the world's largest energy groups are scrambling to acquire coal mining assets in Indonesia as family-run conglomerates consider divestments to raise cash. Peabody Energy, the US coal miner, and Xstrata, the Anglo-Swiss miner, are believed to be among those interested. Industry analysts said Chinese, South Korean, Indian and Middle Eastern companies were also scouring Indonesia for assets. Read More