Tag: control of oil

Venezuela: oil sanctions eased, Chevron pleased

VenezuelaNegotiations barely got started in Mexico between representatives of Venezuelan President Nicolás Maduro and his political opposition before the United States announced the loosening of oil sanctions imposed on the regime. The move, allowing Chevron to begin pumping oil again, comes amid global energy shortages following Russia's invasion of Ukraine. Chevron is also to take operational control of the Petropiar refinery near Barcelona in northeast Venezuela. But profits are to go to Venezuela's creditors in the US, not the state oil company, PDVSA. Social programs funded through PDVSA have been a cornerstone of Maduro's support. (Map: Perry-Castañeda Library)

COP27: progress on ‘loss and damage,’ not mitigation

COP27The 27th UN Climate Change Conference (COP27) closed with what was hailed as a breakthrough agreement to establish a "loss and damage" fund for vulnerable countries on the frontlines of climate disasters. Yet no action was taken to stop oil and gas expansion from fueling further disasters. India had pushed a proposal to extend to all fossil fuels the agreement to "phase down" coal reached last year at COP26 in Glasgow. A broad coalition of more than 80 countries took up the call, but host country Egypt, holding the presidency of the conference, was able to block the measure, acceding to powerful opponents prominently including Saudi Arabia and Russia. It should be noted that while Saudi Arabia and Russia are key oil and gas producers, India is a major coal producer—and fought for weaker language on the coal "phase down" at Glasgow. So the battle lines seem to reflect competition between different sectors of the hydrocarbons industry. (Photo: Tribal Army)

Swiss oil CEO faces trial for Sudan war crimes

LundinThe Supreme Court of Sweden ruled that the trial of Alex Schneiter, a Swiss citizen and former CEO of Lundin Oil charged in connection with war crimes in Sudan between 1999 and 2003, may proceed in the Swedish courts. While Lundin Oil is a Swedish-based company, Schneiter claims that he cannot be tried in Sweden because he is neither a citizen nor a resident. The high court held that Schneiter's alleged crimes are subject to "universal jurisdiction," which allows anyone to be prosecuted anywhere in the world for serious international crimes. The case concerns an area called Block 5A in southern Sudan, which was then wracked by a pro-independence insurgency. The indictment holds that Lundin demanded that government forces and allied militias provide security for its operations, knowing that this would entail deadly force and enflame the conflict. (Map via Rixstep)

Planet Watch
Chad

Podcast: climate change and the global struggle II

ZaporizhzhiaUN Secretary-General António Guterres strongly condemned Russia's largest yet wave of drone and missile attacks in Ukraine, especially noting strikes that disrupted the power supply to the Zaporizhzhia Nuclear Power Plant (ZNPP), endangering nuclear safety. Rafael Grossi, director of the International Atomic Energy Agency (IAEA), also warned of the persisting "extremely fragile" situation at Europe's largest nuclear facility. Russia's latest air-strike against the ZNPP marked the ninth time power was broken off to the plant since the war began in February 2022. Although external power has been restored, Grossi cautioned that the situation remains unsafe. (Photo: Wikipedia)