A case in point: When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million.
QUITO, Ecuador—When Rafael Correa entered Ecuador’s presidency in 2007, the nation faced an opportunity and a challenge. Ecuador’s economy depended on oil, and global crude prices were near a record high. Much of the oil was extracted by foreign companies, however, so as prices surged more wealth began flowing overseas.
How Wealthy Corporations Use Investment Agreements to Extract Millions From Developing Countries
Climate Change
Summit Sold Its Midwest Pipeline as a Carbon Solution. Now, It’ll Be Used for Fossil Fuels.
The pivot reveals a company adapting to Trump’s “drill, baby, drill” agenda and looking to cash in on recently boosted tax incentives for enhanced oil recovery.
For four years, battles over private property rights have gridlocked state legislatures across the Midwest and stalled plans for a pipeline to transport liquified carbon dioxide from ethanol plants in the region.
Summit Sold Its Midwest Pipeline as a Carbon Solution. Now, It’ll Be Used for Fossil Fuels.
“Today, as in the beginning, life is still made out of carbon dioxide, and the world’s problems are made out of carbon dioxide as well.”
From our collaborating partner Living on Earth, public radio’s environmental news magazine, an interview by Jenni Doering with Peter Brannen, the author of “The Story of CO2 Is the Story of Everything.”
The 4-Billion-Year Perspective to Understanding Earth’s Current Climate Crisis
Climate Change
Trump’s ‘God Squad’ Will Weigh Gulf Oil Drilling Against the Survival of Endangered Whales and Turtles
Citing national security, the Trump administration wants to exempt all federally regulated offshore oil from protections for endangered animals—even if it could cause their extinction.
The Trump administration is turning to the nuclear option on endangered-species protections in the name of national security.
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