Energy, Mining & Utilities
December 9, 2002) -- On November 19, 2002, the oil tanker Prestige broke in two and sank off the Spanish coast. The vessel was carrying 77,000 tons of fuel oil. Fuel oil, a heavy, viscous blend gathered from the bottom of tanks at the end of the refining process, can be far more toxic and difficult to clean up than crude oil. Ecologists fear that the 26-year-old Prestige is an environmental time bomb as it is now resting 130 miles (210 km) off the Spanish coast and 3.6 km (two miles) below the surface
Entergy Nuclear (part of the broader Entergy energy family) is spinning off its northeastern U.S.-based nuclear power plants into a related limited liability corporation, Enexus. Stakeholders in Vermont, home of the Yankee Nuclear power plant, are less than happy, with Entergy also reneging on prior commitments to cover eventual plant decommissioning costs, potentially stranding taxpayers with much of the bill.
Three workers in South Africa died after three separate mining incidents as miners at AngloGold Ashanti's TauTona mine stopped work over a fatality there last week, union and company officials said on Thursday.
An oil company headquartered in Alberta, Canada, is the target of a divestment campaign aimed at forcing the company to stop its partnership with the Sudanese government in the exploitation of oil fields in the war-torn southern region of Sudan.
Following a vote in the United States Senate last week to block changes to a bill which would have allowed oil exploration and development of a fragile wildlife habitat in the Arctic, activists are now planning their next steps to ensure that the area remains protected from future environmental threats.