Energy, Mining & Utilities
British Petroleum (BP) has been sued by some 25,000 Mexican fishing businesses over the 2010 Deepwater Horizon disaster in the Gulf of Mexico. The company says it has paid $1.8 billion in compensation to U.S. businesses but has yet to offer money to those affected south of the border.
Environmental campaigners are urging several heavyweight investment firms, including Credit Suisse, Barclays, Fortis Group and Merrill Lynch, to shoulder some responsibility for a catastrophic mud volcano on the Indonesian island of Java that resulted from a gas project the firms helped fund.
Not everybody is convinced that Turkmenistan will be the source of a future pipeline in Central Asia. Joseph Naemi, another Iranian born businessmen who splits his time between Sydney, Australia, and Tashkent, Uzbekistan, is working on the possibility that Afghanistan's other major northern neighbor may be a better business bet
The Bush administration said Tuesday it had broken off negotiations on a free trade agreement with Ecuador following the South American government's decision to annul an operating contract with Occidental Petroleum Corp.
With companies eager to tout their "green" credentials to consumers, advertising watchdogs in a number of countries are stepping up efforts to rein in marketers that make false or exaggerated claims.
The economic crisis that emerged out the collapse of securities based on shaky U.S. mortgages poses challenges for the Davos World Economic Forum, an arena that has championed market-driven approaches.
The South Korean Coast Guard said Monday that it had arrested the captains of a barge owned by Samsung Heavy Industry and a tugboat that caused an oil spill this month, the nation's worst.
Shell Petroleum Development Company (SPDC) of Nigeria finally managed to cap the oil gushing from one of its wells in Ogoniland at the weekend, but the well's blow-out and the resulting flood of oil and gas into the immediate environment has once more intensified tensions between the giant oil company and the half-million strong Ogoni Kingdom.
Seven corporations, including several of the world's largest multinational companies, have joined with an environmental group in seeking ways to trade emission permits to reduce their production of heat-trapping greenhouse gas emissions. But critics say the partnership is just more of the same hot air from the world's fossil fuel industry.
As many as 10 people have been killed by police this year at African Barrick Gold's operations in Tanzania, according to a new report from two NGOs - MiningWatch Canada and Rights and Accountability in Development (RAID) in the UK.