Friday, November 21, 2008   19:04 GMT    
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News in RSSLarge reserves of oil, gas and minerals in poor countries generate opulent revenues. They could be used to stimulate economic growth and reduce poverty, but often result in environmental destruction and conflict, benefiting large companies and corrupt governments. IPS covers news about major oil, gas and mining projects, their effects on the environment and local communities, and the ideas and actions of the interest groups involved.

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News in RSS
HONDURAS: Inventory of Mitch's Cultural Destruction
DEVELOPMENT-AFRICA: Time For Action on Violence Against Women
VENEZUELA: Regional Elections Double as National Referendum
EUROPE: Criticising Bush, And Copying Him
/CORRECTED REPEAT*/POLITICS-MALAWI: New Efforts for Citizen Power
RIGHTS-KYRGYZSTAN: Alarm After 'Lifers' Attempt Breakout
RIGHTS: How Child Friendly Is Africa
CHINA/US: Balking at Changing Dollar-Centric Economic Order
ENVIRONMENT-INDIA: Sanitation Concerns Shift Into Space
CULTURE-INDONESIA: Anti-Porn Law Reveals Growing Islamist Power
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PERU: My Mining Deposits Are Under Your House
By Milagros Salazar
LIMA - "Just imagine you’re told you have to leave your house, your livestock, the graves of your loved ones, and then they take you to an unfamiliar place without even asking you what you think about it. How would you feel?" asks Eduardo Sueldo, the local environment delegate in a highlands village in southern Peru.
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ARGENTINA: Companies Pocketing Gas Subsidy for the Poor
By Marcela Valente
BUENOS AIRES - Companies that produce and distribute liquefied petroleum gas (LPG) in Argentina are benefiting from large government subsidies aimed at bringing down the price of the fuel, which 40 percent of the population depends on for cooking and heating.
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LATIN AMERICA: Elusive Right to Land Inflames Indigenous Protests
By Milagros Salazar*
LIMA - In the past two decades Latin America has made advances in signing international and national instruments that recognise and protect the rights of indigenous peoples. The problem is that these laws are not always heeded by governments, and the lack of enforcement has fuelled protests.
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VENEZUELA-RUSSIA: Business Deals Consolidate Alliance
By Humberto Márquez
CARACAS - "Tovariches! Comrades! Today I feel I must say to you: let us work to find gas and oil under these waters!" said Alexander Medvedev, deputy chairman of the Russian firm Gazprom, when drills on the Escorpión Vigilante marine platform finally perforated the Venezuelan sea bed.
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ENVIRONMENT: Costa Rica at a Crossroads
By Daniel Zueras*
SAN JOSÉ - The Crucitas open-pit gold mining project in northern Costa Rica could become an environmental cross to bear for the government of Óscar Arias.
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ECONOMY-BRAZIL: Crisis Delays Threat of 'Venezuelan Disease'
By Mario Osava
RIO DE JANEIRO - The global financial crisis has corrected the extreme overvaluation of Brazil's local currency, caused by the policies of its Central Bank, thus temporarily chasing away fears of "Dutch disease", which in the developing world could well be called "Venezuelan disease".
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FINANCE: Watchdogs Criticise World Bank, IMF Mega Projects
By Alison Raphael
WASHINGTON - The World Bank and International Monetary Fund (IMF) came under fire last week for failing to adequately promote transparency in extractive industry operations in resource-rich countries where the two institutions work.
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PERU: Free Trade Opens Environmental Window
By Milagros Salazar*
LIMA - Legislative decree 1090, which modifies Peru's forest policy, is worrying U.S. trade authorities because it contravenes environmental clauses of the Free Trade Agreement (FTA) that is to enter force between the two countries in January 2009.
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PERU: Prosecutors Investigate Wiretapping Operation
By Ángel Páez
LIMA - Prosecutors in Peru are investigating illegal wiretapping allegedly committed by private security companies or police and military intelligence bodies.
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CUBA-US: A Thaw Fuelled by Oil?
By Patricia Grogg
HAVANA - The discovery of a significant offshore oilfield in Cuban waters in the Gulf of Mexico could persuade the United States to modify its policy towards the Caribbean island nation, experts say, while warning that this possibility could also entail risks.
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MEXICO: Oil Reforms Leave State in the Red
By Diego Cevallos
MEXICO CITY - The oil industry reforms approved by the Mexican Congress and applauded by the government and most of the country’s parties, with the exception of factions on the left and part of the business community, will deprive the state of a source of funding that currently finances 40 percent of the public budget.
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ENERGY: Harsh Blow for OPEC
By Humberto Márquez
CARACAS - In an unexpected reaction, oil prices continued to slide, by up to six percent Friday, despite OPEC’s decision to cut output by 1.5 million barrels a day as of Nov. 1.
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CORRUPTION-PERU: Officials Charged in Oil Contract Scandal
By Ángel Páez
LIMA - An anti-corruption Peruvian prosecutor brought charges against one current and three former high-level officials and 10 other people in a scandal over alleged bribes in lucrative oil contracts awarded to Discover Petroleum, a Norwegian company.
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ECONOMY-CUBA: "Impossible to Escape Impact" of Crisis – Experts
By Patricia Grogg
HAVANA - After three years of high growth, uncertainty is hovering over the Cuban economy once again, although experts are not yet ready to predict exactly what impact the current global financial turmoil will have on the island.
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OIL SANDS-PART 3: Biggest Customer Has Second Thoughts
By Chris Arsenault*
FT. MCMURRAY - As Canada's tar sands extraction expands full steam ahead, a perfect storm of internal and external opposition could derail some of the voracious growth at the world's largest energy project.
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