Energy, Mining & Utilities
Vedanta Resources, a UK based mining and metals company with numerous projects in India, is attempting to claim to be social responsible via a huge advertising campaign. However activists have struck back by effectively using social media tools to counter Vedanta's claims.
Vietnam has asked Formosa Ha Tinh Steel Corporation to pay $500 million in compensation for dumping toxic waste in Ky Anh that resulted in a massive fish kill on a 120 mile stretch of Vietnam's central coast in the provinces of Ha Tinh, Hue, Quang Binh and Quang Tri.
Nationwide, 700 premature deaths, 30,000 asthma attacks and 400 pediatric emergency room visits each year are linked to current pollution from six Maryland power plants, according to a new study released today by the Maryland Nurses Association (MNA).
Rescue workers began the precarious task Tuesday of removing explosive methane gas from the coal mine where at least 25 miners died the day before. The mine owner's -- Massey Energy Company -- dismal safety record, along with several recent evacuations of the mine, left federal officials and miners suggesting that Monday's explosion might have been preventable.
As global commodity prices have plummeted and several of China's partners in Africa have stumbled deeper into chaos, China has backed away from some of its riskiest and most aggressive plans. China has sought to secure minerals in Africa through agreements to build huge projects in exchange for minerals. African governments are now realizing that these deals are loans against future revenue, and falling prices could leave them saddled with debt.
The U.S. Environmental Protection Agency on Friday ordered to the Atlantic Richfield Company, ARCO, to begin an investigation to determine the nature and extent of contamination at the Anaconda Copper Mine in Yerington, Nevada.
First, the Wall Street Journal and Boston Globe let loose on W. Bush. The papers disclosed that while a director and paid consultant for Harken Energy Bush had actively participated in the creation of off-the-books accounting gimmicks to hide company debt and raise the company's stock price. The deal, which the company did in conjunction with Harvard Management, created an off-the-books partnership strikingly similar to the kind Enron used to accomplish the same goals -- and which Bush has condemned.