Energy, Mining & Utilities
Sierra Leone police opened fire on a group of protestors who were demonstrating against a palm oil plantation in the southern province of Pujehun. The project is being developed by Societe Financiere des Caoutchoucs (Socfin), a French agri-business giant.
"For the government, if they lose the Enron case, it will be seen as a symbolic failure of their rather significant campaign against white-collar crime," said John C. Coffee Jr., a professor at Columbia Law School. "It will be seen as some evidence that some cases are too complicated to be brought into the criminal justice process."
The oil executives were sworn in. This formality created the very kind of picture - six of the most powerful American executives lined up with their right hands up in the air - that they had sought to avoid. Otherwise, much of the theatrics were the same, and so were the arguments from the oil executives.
A leading advocacy group has taken the Bush administration to task for failing to include human rights considerations in its new national energy plan, according to a letter obtained by Reuters yesterday.
Environmental groups hailed a federal court's dismissal of a major lawsuit filed by the coal industry that had sought to silence debate on global warming and impose massive damages for the groups' global warming publicity.
Dueling reports released yesterday -- one by a consortium largely funded by the biotech industry and the other by a pair of environmental and consumer groups -- came to those diametrically different conclusions.
The leader of Bolivia on Thursday ruled out compensating oil companies for nationalized oil and gas fields as he came under questioning from European officials at the start of a high-level meeting on energy and trade.
Entergy, one of the largest utilities in the U.S., has enjoyed healthy profits since Hurricane Katrina. Yet its New Orleans subsidiary has filed for bankruptcy, and frightened ratepayers with visions of bills bloated to 140% of their pre-storm size. Now the Fortune 500 company is threatening to pull the plug on New Orleans if it doesn't get a $700 million-plus federal bailout it doesn't actually need.
Range Resources, a Texas company, bullied the federal government into dropping a scientific report on environmental contamination caused by fracking, a new investigation has just revealed. This comes on the heels of two major pro-fracking academic reports that had to be withdrawn in 2012.