Corrupting Influence Of Oil Money – Political Opinion

The world has never looked better for the Big Five oil companies. This morning, Exxon Mobil, the world’s largest oil company, announced its “second-quarter profit rose 14 percent, to $11.68 billion, the highest-ever profit by an American...

Scraping the Bottom of the Oil Barrel a Significant New Climate Risk

Exploitation of North America’s shale and tar-sand oil reserves could increase atmospheric CO2 levels by up to 15%, a new report from WWF-UK and the major UK financial group Co-Operative Financial Services (CFS) has warned.

Oil Companies Close to Initial Deals Which Appear to Seal Their Future Influence in Iraqi Oil

Major western oil companies are on the cusp of potentially determinative transitional agreements with the Iraqi oil ministry as the country seeks to bolster development and revenues. However, significant challenges loom.

Iraqi PM: Security Gains Luring Business Investment

Iraqi Prime Minister Nouri al-Maliki told sheiks assembled in Karbala, south of Baghdad, that improved security in the nation has prompted many companies to seek out investment opportunities in Iraq.  VOA’s Suzanne Presto reports from the northern...

EPA Notifies BP of Major Clean-Air Violations

U.S. Environmental Protection Agency Region 5 today notified BP Products North America Inc. of alleged violations of multiple Clean Air Act requirements at its Whiting, Ind., refinery.

Strong Winds And a Tidal Surge Expected in the U.K.

The U.K. Met Office has issued a severe weather warning as very high winds are expected in Britain and the North Sea. Wind gusts could be over hurricane force, gusting up to 80 miles per hour.