Global Trade

Patrick Daniel, the CEO of Enbridge Inc, is bullish about the future of unconventional oil from Canada's massive tar sand deposits. His company not only operates North America's longest crude oil and liquid pipelines, but transports 12 percent of the oil that the U.S. imports daily. Canada's bitumen, or dirty crude, lies under a forest area the size of England and is arguably the world's last remaining giant oil field. Read More

Patrick Daniel, the CEO of Enbridge Inc, is bullish about the future of unconventional oil from Canada's massive tar sand deposits. His company not only operates North America's longest crude oil and liquid pipelines, but transports 12 percent of the oil that the U.S. imports daily. Canada's bitumen, or dirty crude, lies under a forest area the size of England and is arguably the world's last remaining giant oil field. Read More

On the night of December 2-3, 1984, the Union Carbide pesticide factory in Bhopal, India leaked poisonous methyl iso cyanate into its densely populated neighborhood, killing 8,000 people in the immediate aftermath. 25 years later, Dow Chemical (which purchased Union Carbide in 2001) still refuses to clean up the site. But a new generation of Bhopal survivors is taking on the fight. Read More

Bradley C. Birkenfeld was sentenced to 40 months in prison for helping rich Americans dodge their taxes, his sentence reduced in turn for informing on Swiss banking giant UBS. Now, with the help of the National Whistleblower Center, he and his lawyers hope to use a new federal whistle-blower law to claim a multibillion-dollar reward from the American government. Read More

In a secluded valley a few miles from Kabul's international airport, $285 million in U.S. taxpayer dollars have flowed into a Black & Veatch-built power plant outside Tarakhil village. But, far from the public relations coup the project was intended to supply, the plant has run into problems with planning, cost over-runs and alleged corruption. Read More

Retired retail executive Richard Goldman was astonished when he heard about the $27 billion pollution lawsuit against Chevron Corp. in Ecuador. SO he has created a nonprofit group, Ethos Alliance, that will use social-networking tools to spread word of the case and put pressure on Chevron. Read More

The world's carbon trading markets growing complexity threatens another "sub-prime" style financial crisis that could again destabilise the global economy, campaigners warn. In a new report, Friends of the Earth says that to date "cap and trade" carbon markets have done little to reduce emissions but have been plagued by inefficiency and corruption. Read More

While it doesn't sound (and need not be) nefarious, activist groups worldwide like the Rainforest Action Network argue that the production of palm oil is currently harming rain forests in Southeast Asia, orangutans, and the environment. Read More

Originally posted, October 14, 2009 on http://www.ibabuzz.com/politics/2009/10/14/berkeley-oakland-urge-oil-money-transparency/ Read More

British oil trader Trafigura has offered to settle a court case brought by 31,000 Africans who say that they were injured in the largest personal injuries class action mounted in an English court. The action resulted from the dumping of 400 tonnes of waste in the Ivory Coast by an oil tanker, the Probo Koala, in 2006 - one of the worst pollution disasters in recent history. Read More