Energy, Mining & Utilities
WASHINGTON, DC -- Environmental groups in Germany and the US released a new report today that provides conclusive evidence that the German Bank Westdeutsche Landesbank (WestLB) violated its own policies in loaning $900 million to the OCP Consortium building Ecuador's new heavy crude pipeline. The independent report written by Robert Goodland, former Chief of the Environmental Department of the World Bank, found, ''substantial non-compliance with all four applicable WBG's [World Bank Group] Social and Environmental Safeguard Policies.'' Specifically, the report found violations of World Bank Operational Policies on Environmental Assessment, Natural Habitats, Involuntary Resettlement, and Indigenous Peoples.
Oil company executives thumped the table and even offered concessions, but the women who took over a giant oil terminal and trapped hundreds of workers inside did not budge Saturday in their demands for jobs for their sons and electricity for their homes.
Chevron's 2009 Annual Report celebrates 130 years of Chevron operations. We, the communities and our allies who bear the consequences of Chevron's offshore drilling rigs, oil and natural gas production, coal fields, refineries, depots, pipelines, exploration, chemical plants, political control, consumer abuse, false promises, and much more, have a very different account to offer.
The multinational oil giant, the Shell Petroleum Development Corporation (SPDC) was yesterday accused of importing arms and ammunitions into the country with which destabilisation was engendered in the Niger Delta.
CALGARY -- Challenging BP Amoco's reputation as a responsible oil company, activists today directly confronted Sir John Browne over his company's investments in Chinese occupied Tibet. Browne, the Group Chief Executive of BP Amoco was delivering the keynote address at the World Petroleum Congress in Calgary, Alberta.
A whistleblower who previously worked for Ernst & Young, the international auditing firm, has alleged that his bosses turned a blind eye to discoveries that Kaloti Jewellery International - one of the world's biggest gold companies - dealt in minerals from undocumented sources that may have included conflict zones.
The former chief accounting officer of Enron pleaded guilty today to a single felony charge of securities fraud and agreed to cooperate with federal prosecutors, giving a significant lift to the government's case against the two leading figures in the scandal over Enron's collapse.
Venezuela's state oil monopoly, PDVSA, one of the biggest companies in the Southern Hemisphere, is facing the challenge of holding onto its status as one of the world's leading oil firms after a two-month lockout that crippled output and the dismissal of nearly half of the company's executives.