Energy, Mining & Utilities

Published by
United Press International
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A report submitted this week to a court in Ecuador finding dangerous levels of contamination at oil wells Chevron says it cleaned up in the 1990s is expected to reinforce a fraud indictment against two Chevron lawyers in a $27.3 billion environmental lawsuit against the oil company. Read More
Published by
Wall Street Journal
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Next week, Iraqi officials will auction off oil contracts to foreign companies for the first time since Iraq nationalized its oil industry three decades ago. Some 120 companies expressed interest in bidding for the contracts, and thirty-five companies qualified. They include Exxon Mobil Corp., Royal Dutch Shell PLC, Italy's Eni SpA, Russia's Lukoil and China Petroleum & Chemical Corp., or Sinopec. Read More
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Originally posted June 10, 2009, on The Huffington Post. After thirteen years and countless hours by lawyers, community members, and activists around the world, Royal Dutch Shell finally settled the Wiwa v Shell case in a New York court for $15.5 million. Read More
Published by
New York Times
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The fight against corruption in Africa is faltering as public agencies investigating wrongdoing by powerful politicians have been undermined and officials leading the charge have been dismissed, subjected to death threats and driven into exile. The search is on for more effective ways to tackle corruption, including intensified legal efforts to prosecute multinational corporations that pay the bribes and reclaim loot that African political elites have stashed abroad. Read More
Published by
New York Times
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Royal Dutch Shell agreed to pay $15.5 million to settle a case accusing it of taking part in human rights abuses in the Niger Delta, a striking sum given it has denied any wrongdoing. Ken Saro-Wiwa, Shell's most prominent critic at the time in Nigeria, was hanged in 1995 by that country's military regime after protesting Shell's environmental practices in the oil-rich delta, especially in his native Ogoni region. Read More
Published by
Financial Times
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Big international energy groups and state-owned oil companies from China and India are circling Kosmos Energy for its Ghanaian oilfield assets, which have been valued at $3bn-$6bn by analysts. The sale could open an oil corridor off the west African coast, stretching as far north-west as Sierra Leone. Read More
Published by
Washington Post
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U.S. Agriculture Secretary Tom Vilsack issued a temporary order yesterday governing development in "roadless" areas of national forests, requiring all new projects to be approved by him personally. A USDA official said it is unclear whether projects with a strictly commercial aim, such as logging or mining, will be allowed. Read More
Published by
Wall Street Journal
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The Justice Department is increasing its prosecutions of alleged acts of foreign bribery by U.S. corporations, forcing them to take costly steps to defend against scrutiny. The crackdown under the Foreign Corrupt Practices Act, or FCPA -- a post-Watergate law largely dormant for decades -- now extends across five continents and penetrates entire industries. Read More
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