Global Trade

Published by
Financial Times
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France's new naval base in Abu Dhabi, its first overseas military base in 50 years, has sparked a round of lobbying on behalf of lucrative business for French companies including Dassault, the military aircraft maker, and a consortium of Total, GdF-Suez and Areva, which is bidding to build two nuclear power stations in the UAE. Dassault is hoping to sell as many as 60 of its Rafale fighters to the UAE. Read More
Published by
Financial Times
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A study by Greenpeace and several other environmental groups has concluded that Royal Dutch Shell's carbon intensity will rise 85 per cent as it develops its oil and gas fields in the coming years. Campaigners warn Shell's investors that this disadvantages the company vis a vis its peers as US and European policymakers move towards a broad cap-and-trade system to limit carbon emissions. Shell's growing carbon intensity stems from its resource base, which is heavily made up of Canadian oil and Nigerian gas. Read More
Published by
New York Times
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Texaco, the American oil company that Chevron acquired in 2001, once poured oil waste into pits used decades ago for drilling wells in Ecuador's northeastern jungle. Texaco's roughnecks are long gone, but black gunk from the pits seeps to the topsoil here and in dozens of other spots. These days the only Chevron employees who visit the former oil fields do so escorted by bodyguards toting guns. They represent one side in a bitter fight that is developing into the world's largest environmental lawsuit, with $27 billion in potential damages. Read More
Published by
New York Times
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When Chevron learned that "60 Minutes" was preparing a potentially damaging report about oil company contamination of the Amazon rain forest in Ecuador, it hired a former journalist to produce a mirror image of the report, from the corporation's point of view. An Ecuadorean judge is expected to rule soon on whether Chevron owes up to $27 billion in damages. Read More
Published by
New York Times
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A new novel, "Eclipse," by Richard North Patterson, is based on the case of the Nigerian writer and activist Ken Saro-Wiwa, executed in November 1995 by the government of General Sani Abacha. The circumstances, along with related incidents of brutal attacks, are getting another hearing. This month the Wiwa family's lawsuit against Royal Dutch Shell over its role in those events goes to trial in federal court in Manhattan. Read More
Published by
Special to CorpWatch
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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. Read More
Published by
Americas Policy Program, Center for International Policy
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At the end of March, the Inter-American Development Bank (IDB) celebrated its 50th anniversary in Medellin. The occasion presents an opportunity to revise concepts and move toward a fairer development model. It is logical to think that among the festivities, a process of evaluation and self-critique would begin regarding the bank's actions and work in the region. Read More
Published by
New York Times
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Late last month Blackwater Worldwide lost its billion-dollar contract to protect American diplomats in Iraq, but by next month many of its private security guards will be back on the job here. The same individuals will just be wearing new uniforms, working for Triple Canopy, the firm that won the State Department's new contract. Read More
Published by
BBC News Online
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Google's Street View mapping project ran into local opposition in England, with angry residents in the village of Milton Keynes blocking a Google driver when he started taking photographs of their homes. Villagers accused the company of going too far, violating their privacy and possibly facilitating crime. Read More
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