Energy, Mining & Utilities
We interrupt our regularly scheduled sense of decency for the following heart-breaking news bulletin: A huge tobacco company is spreading disease across our state with help from Williams Alaska Petroleum and Tesoro Alaska.
Former Enron CEO Jeff Skilling was sentenced today to 24 years in prison for his role in the energy company's 2001 collapse in what has become one of the nation's biggest corporate scandals.
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.
The U.S. Environmental Protection Agency is investigating whether products made from vermiculite could expose consumers to asbestos. Preliminary test results on common household products indicate that a particularly lethal form of asbestos fibers contaminates some attic insulation, but researchers do not yet know whether normal use of these products could endanger consumers.
Gazprom and the Russian government have long had a close relationship, but the revolving door between them is spinning especially fast this year. But Gazprom also epitomizes the risks of state capitalism: waste and inefficiency.
Canadian, Spanish and Danish companies are fueling a border clash in the remote coastal waters off the northern edge of South America in an effort to profit out of recently discovered coastal oil reserves. NEW!Hallliburton Wins New $4.9Billion Iraq Contract
Though largely unexplored, mining experts think the Indian Ocean island has big untapped deposits of gold, platinum, sapphires, rubies, diamonds and emeralds. Each year, thousands leave their villages to dig for gold and precious stones in a country where three quarters of the 17 million-strong population live on less than a dollar a day. An increasing number of international mineral exploration companies are also setting up operations on the world's fourth largest island.
QUITO, Ecuador -- Oil from an abandoned exploratory oil well in the Ecuadorian Amazon is spilling uncontrolled into the environment months after government authorities were first notified, according to an international wildlife conservation group.
For thousands of years, the Kitanemuk Indians made their home in the Elk Hills of central California. Come February 2001, the last of the 100 burial grounds, holy places and other archaeological sites of the Kitanemuks will be obliterated by the oil drilling of Occidental Petroleum Company.