Energy, Mining & Utilities
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.
Sean M. Berkowitz and a small group of government lawyers will be in the spotlight in the Jan. 30 trial of Enron's former leaders. The case is the capstone in the cleanup after an era of business misconduct that left investors billions of dollars poorer. The outcome could shape the public's -- and history's -- judgment of how effective it was.
For many other poor countries, like Nigeria and Chad, oil has been a poisoned bonanza, paradoxically dragging them into deeper poverty and corruption in what some call the oil curse.
Shell is one of several international oil companies - including BP and the US groups ExxonMobil and Chevron - that have been tapping into Iraq's oil industry by remote control.
The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years.
Set on India's west coast, Goa is renowned as a beach paradise popular with Indian and foreign tourists alike. Just a few miles inland from the quaint restaurants and the pristine waves lapping the silver shores of India's smallest state, iron-ore mining is destroying the environment, say activists and locals.
A scandal has rocked the $64 billion global diamond business and tarnished the credibility of one the industry's biggest players,according to a news report Tuesday.
French oil giant TotalFina-Elf flatly rejected accusations by a global trade union body Monday that its investments in Myanmar (formerly Burma) were directly linked to forced labor used for road-building and other heavy work around the Yadana oil pipeline off the country's southwest coast.