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News in RSSLarge reserves of oil, gas and minerals in poor countries generate opulent revenues. They could be used to stimulate economic growth and reduce poverty, but often result in environmental destruction and conflict, benefiting large companies and corrupt governments. IPS covers news about major oil, gas and mining projects, their effects on the environment and local communities, and the ideas and actions of the interest groups involved.

Extractive Industries Transparency Initiative
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Environment
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News in RSS
BRAZIL: Setting an Important Precedent for Indigenous Lands
CULTURE-SOUTH AFRICA: Crafts That Steal Hearts All Over the World
POLITICS-COTE D'IVOIRE: Anti-Xenophobia Law Gets Lukewarm Reception
SOUTH AFRICA: Measuring the Carbon Footprint of Fruit and Wine
ASIA: Rock Star's Expulsion Says No to Child Sex Tourists
POLITICS-US: McCain's Plan to Privatise Veterans' Health Care
CHINA: Agony Turns Ecstasy as Gold Medals Pile Up
MIDDLE EAST: In the Race for Renewable Energy Sources
BOLIVIA: Businesses Take On the Green Challenge
PORTUGAL: Easing Food Safety Standards for Traditional Products
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MIDDLE EAST: In the Race for Renewable Energy Sources
By Meena Janardhan
DUBAI - As the world scrambles to develop renewable energy resources (RES), the oil-rich Gulf countries that benefit from high prices on fossil fuels are making sure that they do not get left behind.
MORE >>
 

PERU: Native Groups Protest Laws Facilitating Sales of Land
By Milagros Salazar
LIMA - Defending the state of emergency declared in three provinces in Peru to crack down on protests by indigenous communities against a law facilitating the sale of their community-owned lands, Prime Minister Jorge del Castillo said the government was safeguarding "the rights of the great majority of Peruvians."
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EQUATORIAL GUINEA: Human Rights Drowning in Oil
By Mario de Queiroz
LISBON - The oil interests of Angola, Brazil and Portugal could pave the way for former Spanish colony Equatorial Guinea to become the ninth member of the Community of Portuguese Language Countries (CPLP) two years from now, despite the country’s poor human rights record.
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ECONOMY-PERU: Easier to Extract Minerals than Accounting Information
By Milagros Salazar
LIMA - Sixty-six percent of the Peruvian state’s revenue from the extractive industries does not appear on government accounts. Parliament is taking a hand in the matter amid pressure from oil, gas and mining companies for the government to flout an international agreement on transparency.
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DISARMAMENT: China Key Arms Supplier to Human Rights Abusers
By Thalif Deen
UNITED NATIONS - As China tries to boost its international image, playing host to a summer Olympic games, the government in Beijing is being singled out as a key arms supplier to some of the world's worst human rights abusers, according to a new study released here.
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TRADE: ‘Increased Foreign Investment Will Not Lift All Boats’
By Chris Arsenault
VANCOUVER - Paul Moist, the President of Canada’s largest union, expressed concern about a free trade deal between Canada and Colombia during a recent meeting with Fabio Valencio, Colombia’s Minister of the Interior.
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PERU: Seeking Ways to Remedy Unequal Distribution of Mining Taxes
By Milagros Salazar
LIMA - The Peruvian parliament is studying ways to improve the distribution of the "canon minero", the portion of the taxes paid by mining companies that is transferred to the regions, in order to benefit the country’s poorest provinces.
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ECONOMY: Oil Not Costly Enough to Prompt Needed Changes - Experts
By Mario Osava
RIO DE JANEIRO - Just about everyone is complaining about the high price of oil, but it does not even reflect the environmental costs and is still insufficient to promote the changes needed to ensure a less catastrophic future for humanity, experts warn.
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ENVIRONMENT-US: New Push to Clean Toxic Hotspot
By Sam Cassanos
NEW YORK - Two New York City Congressional representatives are calling for Newtown Creek, one of the country's most polluted waterways, to be tested for the high levels of toxic chemicals that would qualify it for Superfund clean-up.
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FINANCE: U.S. Accuses Trading Firm of Manipulating Oil Market
By Abid Aslam
WASHINGTON - U.S. regulators are pressing charges against a global trading firm they accuse of manipulating the oil market, in a move that dovetails with heightened political agitation over rising energy and food prices.
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POLITICS-BOLIVIA: It’s All about the Gas Revenues
By Franz Chávez
LA PAZ - Revenues from Bolivia’s sales of natural gas, which have ballooned in the last few years, are now at the centre of the tense political polarisation threatening to tear the country apart and are a main motivation in the opposition’s attempt to undermine the leftwing government of Evo Morales.
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FINANCE: Developing Nations Rack up Hefty Foreign Reserves
By Thalif Deen
UNITED NATIONS - As the global economy continues to be jolted by volatile financial markets, bank failures, a spreading credit crunch, and rising food and energy prices, some of the developing nations have accumulated three-quarters of the world's reserves, amounting to a staggering 4.3 trillion dollars.
MORE >>
 

FINANCE: Lobbyists Enlist Public in Commodities Speculation Fight
By Abid Aslam
WASHINGTON - Energy traders and oil-consuming businesses are enlisting the public in a tug-of-war over proposals to tame fuel and other commodity prices.
MORE >>
 

PERU: Mining Companies Venture into the Amazon
By Milagros Salazar*
LIMA - The conflicts surrounding extractive industries in Peru could shift from the mountains to the jungles due to the rising number of concessions granted for the Amazonian regions of San Martín, Madre de Dios and Amazonas, and which are being strongly opposed by the local indigenous communities.
MORE >>
 

GLOBALISATION: West’s Loss of Gulf Funds East’s Gain
Analysis by Meena Janardhan
DUBAI - As politically motivated restrictions on investments by oil-rich countries intensify in the West, the sovereign wealth funds (SWFs) of the Gulf countries could opt to invest in Asia and other emerging markets despite attractive valuations in the slowing U.S and European markets.
MORE >>
 

 

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