Fast-tracked oil consents bypass mayor, public

Just in case you still think you’re living in a Democracy! Gisborne Council officials have already granted exploration consents to Canadian oil companies without seeking public approval – or consulting their own mayor. The Sunday Star-Times revealed two weeks ago that a joint-venture between TAG Oil and Apache believed there was potential to build “thousands” […]

In the mean time: BP reports record $10 billion profit

LONDON (Reuters) – British oil major BP Plc (BP.L) may have marked the oil industry’s high point by reporting a record $10.0 billion third quarter replacement cost profit on Tuesday, as the recent collapse in crude prices ensures a tougher outlook. Europe’s second-largest non-government controlled oil company by market value said the forecast-beating earnings showed […]

The Corrupting Influence Of Oil Money

The world has never looked better for the Big Five oil companies. This morning, Exxon Mobil, the world’s largest oil company, announced its “second-quarter profit rose 14 percent, to $11.68 billion, the highest-ever profit by an American company. Exxon broke its own record.” Joining Exxon Mobil as the only oil companies to “earn more than $10 billion […]