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News articles on Oil

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Mongabay.com news articles on oil in blog format. Updated regularly.

High oil prices make Asia pursue green energy
(9/9/2005) For energy-hungry Asian governments, the answer could literally be blowing in the wind. Across the region, renewable energy such as solar, wind and geothermal power is gaining ever greater credence as a way to curb the region's appetite for oil and cut runaway import bills.


Chevron faces Billion-Dollar Liability for damage in Ecuador
(8/24/2005) ChevronTexaco, now Chevron Corp (CVX), appears to be losing ground in the environmental "Trial of the Century" in Ecuador's rainforest over Texaco's operation of a former concession, according to the environmental group Amazon Watch.


Shareholders ask ExxonMobil to produce report on risks of oil drilling in sensitive areas
(5/25/2005) According Strong support demonstrates that investors believe that drilling in protected areas like the Arctic Refuge is bad for business and bad for the environment.


The Impact Oil Production in the Rainforest
(3/1/2005) The extraction of oil is responsible for the deforestation, degradation, and destruction of lands across the globe. The oil extraction process results in the release of toxic drilling by-products into local rivers, while broken pipelines and leakage result in persistent oil spillage. In addition, the construction of roads for accessing remote oil sites opens wild lands to colonists and land developers.


Reducing the environmental impact of oil extraction in the rainforest
(3/1/2005) The oil industry has a less-than-stellar environmental record in general, but it becomes even worse in tropical rainforest regions, which often contain rich deposits of petroleum. The most notorious examples of rainforest havoc caused by oil firms are Shell Oil in Nigeria and Texaco in Ecuador. Both companies have degraded the local environment and affected local and indigenous people by their activities. The Texaco operation in Ecuador was responsible for spilling some 17 million gallons of oil into the biologically rich tributaries of the upper Amazon, while Shell Oil sometimes lent cooperation to the former oppressive military dictatorship in Nigeria in the suppression and harassment of local people..



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