Energy, Mining & Utilities
Consumers have embraced living green, and for the most part the mainstream green movement has embraced green consumerism. But even at this moment of high visibility and impact for environmental activists, a splinter wing of the movement has begun to critique what it sometimes calls "light greens."
Environmentalists have taken multinational oil giant Shell to court over its plans to build a pipeline for mineral and gas exploration in Pakistan's Kirthar National Park.
As with other behemoth multinational companies, Irving-based ExxonMobil's annual meeting is strictly a formality. Most of the crowd that packed the Morton H. Meyerson Symphony Center in downtown Dallas to vote on shareholder resolutions last week were retirees who own relatively small amounts of company stock.
Federal prosecutors say Giffen, a New York investment banker who became an official in Kazakhstan's government, cemented his power by bribing Kazakh leaders with $84 million that Amoco Corp., Mobil Oil Co., Phillips Petroleum Co. and Texaco Inc. paid to win access to Kazakh fields. In January, Giffen goes on trial in federal district court in New York in one of the largest overseas criminal bribery cases ever.
MOSCOW, Apr. 1 (IPS) -- Moscow is planning to develop new markets in Asia for its crude oil and become an alternative to the volatile Middle East. In the blueprint are big pipeline projects to boost its oil exports to countries such as Japan -- the second biggest importer of oil in the world after the United States -- and China, the world's third largest oil consumer.
With companies eager to tout their "green" credentials to consumers, advertising watchdogs are stepping up efforts to rein in marketers that make false or exaggerated claims.
One in six of the 100 billion soda, beer, and juice cans cracked open by North Americans each year owe their existence to an industrial product manufactured from Alberta's tar sands. The result is an environmental disaster for Canada as well as a major contributor to global warming.