Oil Companies, Spot the Difference: Who is Willing to take Unacceptable Shortcuts in Virunga?

Spot the Difference:  Who is Willing to take Unacceptable Shortcuts in Virunga? Extract from Bannon, Ian and Paul Collier book on Natural Resources and Violent Conflict: Options and Actions, “Chapter 8 –  Attracting Reputable Companies to Risky Environments: Petroleum and Mining Companies” . By John Bray Historically, junior companies have been more willing than major… Read More

Oil in Virunga: Environmental costs and liabilities, a shareholders responsibility.

Shareholder responsibility could spur shift to sustainable energy Allowing shareholders to be held liable for the damages that companies cause to the environment and people could help transform the world’s energy system towards sustainability, according to new research published today in Proceedings of the National Academy of Sciences (PNAS). . The research carried out at IIASA… Read More

Black Gold in the Congo: Threat to Stability or Development Opportunity?

EXECUTIVE SUMMARY AND RECOMMENDATIONS Although it should provide development opportunities, renewed oil interest in the Democratic Republic of the Congo (DRC) represents a real threat to stability in a still vulnerable post-conflict country. Exploration has begun, but oil prospecting is nurturing old resentments among local communities and contributing to border tensions with neighbouring countries. If… Read More