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‘Oil City’ in The Big Issue

By Sally Brammall

‘Oil City’ in We make money not art

Oil City begins

Oil City begins

Oil City’s first performances took place today, the start of its two week run. We don’t want to give too much away about this new work by Platform, but let’s just say this spy thriller is bringing out the spook in us all! Part of Artsadmin’s Two Degrees festival, Oil City is a piece of...
Groups oppose European Bank's plan to fund oil drilling in Egypt

Groups oppose European Bank’s plan to fund oil drilling in Egypt

Cairo/ Brussels May 27, 2013 On Wednesday 29 May, the European Bank for Reconstruction & Development (EBRD) will vote on whether to make a $40 million loan to Kuwait Energy to drill and extract oil in Egypt. Egyptian and international organisations are pushing the board of the public multilateral bank to reject the loan –...
Russian Roulette: International Oil Company Risk in the Russian Arctic

Russian Roulette: International Oil Company Risk in the Russian Arctic

International Oil Companies (IOCs) face pressure from investors to achieve a positive reserves replacement ratio. With governments around the world increasingly asserting control over natural resources in their territory, as well as conventional oil reserves dwindling, the Arctic is one of the frontier areas targeted by IOCs. In Russia, IOCs have entered a number of...
Shell and Gazprom sign more documents on Arctic tie-up

Shell and Gazprom sign more documents on Arctic tie-up

Gazprom and Shell signed a new agreement today, under the eyes of Vladimir Putin on his trade mission to Europe. The agreement has been in discussion for a few years; at one point a BP-and-Rosneft style share swap was discussed, but the two companies appear to have settled for a Joint Venture. Together they’ll extract...
التكالب على بترول مصر

التكالب على بترول مصر

فى مقر نادى مرتفعات القطامية، وسط المروج الخُضر المشذبة وملعب الجولف، ناقش مديرون تنفيذيون من جنسيات مختلفة، جنبا إلى جنب مع مسئولين حكوميين اتفاقيات من شأنها تحديد مآل مليارات الدولارات؛ هل تستقر فى خزائن خاصة أم تذهب للخزانة العامة. تغييرات بسيطة فى عقد واحد قد تؤدى إلى إحداث فارق يزيد على الخمسة مليارات من الدولارات،...
Making a Killing: Oil Companies, Tax Avoidance and Subsidies

Making a Killing: Oil Companies, Tax Avoidance and Subsidies

Oil company mega-profits are being made at the expense of the public purse, as youth centres shut, hospitals struggle and the queues at food banks grow. Companies like BP & Shell receive major government support including direct subsidies and military and diplomatic services, but seem to pay very small amounts of UK tax in comparison...
Has RBS stopped financing the tar sands? (Spoiler: No)

Has RBS stopped financing the tar sands? (Spoiler: No)

Last week RBS chairman Philip Hampton took part in a live Q&A session on the Guardian in response to the Libor-rigging scandal. One of the questions that was put to Hampton by a reader was How do you continue to justify continued your role in financing the Canadian tar sands, arguably a greater crime than...
Fundraising gets edgy - report back from the Edge Fund launch

Fundraising gets edgy – report back from the Edge Fund launch

Two days before the launch of the Edge Fund last December, there was a panic to find a bigger venue at Tonybee Hall because so many people wanted to go. The organizers seemed surprised and happy as no doubt their experience of launch parties is to book a small room to make it looked packed....
Another storm for Shell highlights risks in financing Arctic oil & gas exploitation

Another storm for Shell highlights risks in financing Arctic oil & gas exploitation

On Winter Solstice, the shortest day of the year when in southern Alaska there’s only a dull half-light for a handful of hours, Shell’s immense drilling rig Kulluk was dragged out to sea from Dutch Harbour, bound for the port of Seattle. This 28,000 tonne machine was being pulled past the Aleutian Islands though worsening...
EU enabling violent repression in Egypt - NGOs call for moratorium on lending

EU enabling violent repression in Egypt – NGOs call for moratorium on lending

As the new Egyptian regime run by the Muslim Brotherhood is attempting an aggressive power grab and launching street violence on revolutionaries and opposition groups across the country, a coalition of Egyptian and European organisations are questioning European public banks’ political and financial backing of a constitutional coup and crackdown. In an open letter to...