Energy, Mining & Utilities
The chief executive of the Tennessee Valley Authority, which operates the coal-burning power plant responsible for an enormous flood of coal ash in East Tennessee late last month, acknowledged Thursday that the plant's containment ponds had leaked two other times in the last five years but had not been adequately repaired.
The World Bank has withheld the findings of an inquiry into alleged mismanagement of bank funds in the Democratic Republic of Congo, raising fresh questions about the anti-corruption strategy of Paul Wolfowitz, the bank's president
It has been called the pipeline from hell, to hell, through hell. It's a 1,270-kilometer conduit, 1.2 meters in diameter, that would snake across Afghanistan to carry natural gas from eastern Turkmenistan -- with 700 billion cubic meters of proven reserves -- to energy-hungry Pakistan and beyond.
To put it mildly, the U'wa are a touchy issue for Gore. The presidential candidate owns between $500,000 and $1 million in Occidental stock and his father, Al Gore Sr., served as chair of the board for 28 years, earning an annual salary of $500,000. The elder Gore was such a close political ally of the company that Armand Hammer, Occidental's founder and CEO, liked to say that he had Gore ''in my back pocket.''
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.