Environment

Published by
Special to CorpWatch
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Over a year after a torrent of liquid mud at an Indonesian oil exploration site inundated four villages, killing almost 100 people, the local community is still awaiting clean-up and proper compensation. This is despite the fact that the drilling company is owned by the family of a senior Indonesian minister. Read More
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Al Jazeera
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A new gold rush is under way as mining companies seek to supply the ever-increasing demand for the precious metal from emerging economies such as India, and with reserves dwindling all over the world they are going to extraordinary lengths to extract it. Read More
Published by
Inter Press News Service (IPS)
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The U.N.'s Global Compact with international big business "at the moment is so voluntary that it really is a happy-go-lucky club," says Ramesh Singh, chief executive of ActionAid, a non-governmental organisation. The controversy has come to a boiling point because of the Global Compact Leaders' Summit being held in Geneva on Thursday and Friday, at which over 1,000 representatives of multinational companies are taking part, in addition to well-known civil society figures like Irene Khan, the secretary general of AI; Mary Robinson, president of the Ethical Globalisation Initiative; Guy Ryder, general secretary of the International Trade Union Confederation; and Jeremy Hobbs, executive director of Oxfam International. Read More
Published by
Inter Press News Service (IPS)
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Environmental campaigners are urging several heavyweight investment firms, including Credit Suisse, Barclays, Fortis Group and Merrill Lynch, to shoulder some responsibility for a catastrophic mud volcano on the Indonesian island of Java that resulted from a gas project the firms helped fund. Read More
Published by
The Santiago Times
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In a landmark case, Chile's Supreme Court ruled this week that the state must compensate 356 residents of two slums in the northern mining city of Arica for health problems brought on by years of exposure to open deposits of toxic waste. Promel, the Swedish company responsible for the importation of the toxic materials, cannot compensate the plaintiffs because the company no longer exists. Read More
Published by
Sydney Morning Herald
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One year ago this Tuesday, a gas-exploration well part-owned by the Australian mining giant Santos blew, sending a geyser of mud and toxic gas into the air. Nearby villages and factories were flooded, then a big highway and railway were covered, and later East Java's main gas pipeline ruptured. Read More
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