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World’s largest carbon producers face landmark human rights case

Source of Article: The Guardian Filipino government body gives 47 ‘carbon majors’ 45 days to respond to allegations of human rights violations resulting from climate change The world’s largest oil, coal, cement and mining companies have been given 45 days to respond to a complaint that their greenhouse gas emissions have violated the human rights …

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Can We Reverse the Resource Curse at the Local Level

Source of Article: www.resourcegovernance.org Indonesia is a classic example of a country that has overcome the oil curse. This was partly due to wiser spending politics as we weathered extremely volatile global oil prices between 1974 and 1989. Eventually, we moved from an oil-dependent economy to a more diversified one. A looming quandary is whether we …

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Climate models are accurately predicting ocean and global warming

A new study vindicates climate models, which are accurately predicting the rate of ocean heat accumulation For those of us who are concerned about global warming, two of the most critical questions we ask are, “how fast is the Earth warming?” and “how much will it warm in the future?”. The first question can be …

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Panama Papers, Another Lost Opportunity for Reform

BY   VIRGIL HAWKINS It was the largest leak in history—11.5 million files leaked from the Panamanian law firm, Mossack Fonseca, that exposed the movement of massive amounts of offshore money through shell companies and bank accounts linked to thousands of corporations and individuals, including prominent politicians and celebrities. Making use of offshore financial arrangements is not …

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‘Responsible Extractives Summit’: Sick Joke or Serious Indictment of Industry?

by Liam Barrington-Bush on 23 June, 2016 ‘The Oxymoron Appreciation Society’ re-brands the ‘Responsible Extractives Summit Is the Responsible Extractives Summit, headlined by Rio Tinto, Anglo American, Barrick Gold and others, a cynical PR move or an indication of ‘the ethical best’ an inherently-destructive industry has to offer? ‘It must be a joke,’ I thought. I was already sceptical …

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Extractives: How sustainable is social investment?

Can the social investment made by extractive companies in their host countries and communities survive company cost-cutting in the commodity downturn? The extractives industry is facing a bumpy ride, and we’re looking at a long road to recovery. Cost-cutting, efficiency and productivity are all buzz words negatively impacting local communities. Through social spending cuts, community-related …

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Revenues from the Extractive Industries to Local Government Authorities: Are allocations adequate to end Poverty in Tanzania?

Source of Article: www.goxi.org There are concerns that Tanzania’s lucrative extractive industry is not generating adequate revenues and not contributing significantly to the reduction of poverty and that the country could slide into another “resource curse” a phenomenon so common in many African resource-rich countries. This was said by Dr. Martin Kijazi, a consultant at the Center …

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Alarming increase in trade misinvoicing in Ghana since 2007 – report

  According to data on illicit financial flows in and out of Ghana gathered by Global Financial Integrity (GFI), a Washington-based non-profit organization, illicit financial outflows from Ghana have risen sharply since 2008 to record levels. According to a report on the nature and extent of trade misinvoicing in Ghana authored by GFI, illicit financial …

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Guyana aims to submit EITI membership application in Nov.

  Jun 29, 2016 Kaieteur News   The Ministry of Natural Resources aims to submit its application for membership to the Extractive Industries Transparency Initiative (EITI) in November. Ana Maria Rodriguez, a consultant from the World Bank, is in Guyana assisting the ministry to establish a multi-stakeholder group (MSG). Rodriguez will be providing technical support …

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It’s the economy that needs to be integrated into the environment – not the other way around

  By Andrew Simms Tuesday 14 June 2016   BP’s call for a ‘meaningful carbon price’ is the latest example of wrongly trying to apply economic theories and tools to the environment ‘There are many economic and scientific problems in pricing nature and the environment – and philosophical issues too.’ Photograph: Philippe Six months and …

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