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10 Mar 2022 jamesHail to the dockworkers! A Tale of Three Tankers – The Economic War, part 2
You can track them still on MarineTraffic.com … the MV Seacod, the MV Boris Vilkitsky and the MV Pearl. Three ghost ships of the energy system, the spirits of the Economic War. All three of these vessels broke out of the fog that normally swathes the constant trade in oil and gas. All three neared…
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Russian Roulette – the BP and Rosneft deal
On 22nd October BP plc announced it had agreed heads of terms to sell its 50% stake in TNK-BP to Rosneft. BP’s official announcement of the proposed deal refers to Rosneft’s 2011 oil reserve replacement ratio of 127% and dividend of 25% of IFRS net income. However, there are a number of areas of concern…
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Shell Security Spending Data Mapped on Guardian Data Blog
Platform and the Guardian Data Blog have mapped Shell’s global security spending for 2008. The graphic is based on leaked internal financial data. You can find Platform’s full briefing on this issue here.
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7 Apr 2005 adminSakhalin II gas and oil project: Further Breaches of Equator Principles May 2004 – March 2005
In May 2004, 39 civil society groups, from 15 countries, warned commercial banks of extensive violations of the Equator Principles by the Shell-led Sakhalin II project. This update from 2005 finds that events over the past ten months show a deteriorating situation, constituting further violations.
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7 May 2004 adminPrincipal Objections: Analysis of Sakhalin II gas & oil project’s compliance with the Equator Principles
Shell’s Sakhalin II integrated oil and gas project fails to comply with the Equator Principles on responsible lending. The project on Sakhalin Island in Russia’s Far East will have severe environmental impacts, including threatening the critically endangered Western Gray Whale with extinction, damaging habitats of endangered bird and fish species, and polluting important fisheries.
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Fighting to keep fossil gas in the ground
This project is part of Platform’s long-term commitment to support environmental justice struggles at the front lines of oil and gas drilling internationally. BP does not carry out fracking in the UK where it is headquartered, because “it would attract the wrong kind of attention”. But BP, Shell and a host of other companies are…
