Oil Companies And Their Human Rights (Ir)Responsibilities. Consultancy Africa Intelligence

Africa Human Rights Petroleum Trackbacks (0)

Oil companies and their human rights (ir)responsibilities Written by Christine Petré  Wednesday, 16 May 2012 08:02

In recent years, gas and oil discoveries have been made on the African continent in countries such as Mozambique,(2) Ghana, Tanzania and Uganda and on prospected fields in Kenya, Mali and Sierra Leone. Today, 19 African countries are important oil and/or gas producers, with six of these, namely Nigeria, Libya, Algeria, Angola (oil), Sudan (oil) and Egypt (gas), accounting for the majority of the production.(3) However, for many countries the resource discoveries have been a curse rather than a blessing. 

On the African continent there are numerous cases of the infamous resource curse and the so-called Dutch disease. Companies getting involved in resource-rich areas of Africa, many of which are ravaged by conflicts and poverty, face a series of obstacles. Some of these obstacles are connected to companies’ responsibilities under the Universal Declaration of Human Rights, which states that all individuals and organs of society, including companies and business enterprises, must protect and promote human rights.(4) Oil companies are often accused of hampering developing countries’ progress and violating human rights. Such accusations beg the questions: what can be expected from oil companies and what problems are they facing?

This paper discusses the human cost of oil by grouping human rights into two categories:  direct and indirect human rights atrocities. The direct human rights atrocities are defined in this paper as those caused by oil companies because of their presence and activities in a country. The indirect human rights abuses are the ones in which revenues from oil and gas do not reach the people to whom the natural resources belong. Instead, the revenues encourage authoritarian Governments, or simply reach a small elite, hampering development and thus, indirectly violating peoples’ rights...[More]

Contact Christine Petré through Consultancy Africa Intelligence's Rights in Focus unit (rights.focus@consultancyafrica.com).

What Is The Impact Of High Oil Prices On The Global Economy?

Economic conditions and policy Petroleum Trackbacks (0)

by Adrian Janes, Docubase

From Press Release:

If oil averages USD 120 per barrel in 2012, the global oil import burden – defined as total spending by net importing countries on net imports of oil – is set to reach a record high of over USD 2 trillion, or USD 5.5 billion per day, IEA Chief Economist Fatih Birol has said.

Oil price spikes have preceded each global recession since the early 1970s. Today, although the oil intensity (oil consumption per unit of Gross Domestic Product) of the global economy is less, prices still matter, particularly given the fragile state of the economic recovery.

Higher energy costs are reducing households’ purchasing power, forcing them to cut back on spending on other items or to increase their debt. 

Source: International Energy Agency

+ Press Release

+ Slides: Impact of high oil prices on the economy (PDF; 363 KB)

 

Oil Rig Disaster And Cleanup

Environment Petroleum Pollution Trackbacks (0)

From Intute blog posted on June 15th, 2010 by Nicky Harrison :

Stopping the oil – an interactive guide (BBC)
Technical specs for Deepwater Horizon oil rig
Deepwater Horizon Response
Deepwater petroleum exploration & production: a nontechnical guide (Google Books partial preview)

see also:
BP accused over oil ‘cost cuts’ (Press Association)
Barack Obama calls for clean-energy push (BBC)
UK deep-water oil drilling given the all-clear by energy minister Huhne (Aberdeen Press and Journal)

 

Oil And Governance. IDASA

Africa Governance Petroleum Trackbacks (0)

A Case Study of Chad, Angola, Gabon, and Sao Tome é Principe / by Karin Alexander and Stefan Gilbert; Additional writing and background research: Christine Betzing & Justin Steyn

http://us-cdn.creamermedia.co.za/assets/articles/attachments/25968_oil_and_governance_-_book.pdf

IMF Study On Food And Fuel Prices

Poverty Food, food supply and food security IMF Petroleum Trackbacks (0)

The International Monetary Fund's (IMF) report Food and Fuel Prices - Recent Developments, Macroeconomic Impact, and Policy Responses (full-text, 1.72 MB) claims that the sharp rise in food and fuel prices "have had adverse effects on the poor and could pose risks to macroeconomic stability in a number of low and middle-income countries." The report also assesses countries' policy responses and the role of IMF in responding to the challenges.

UN Pulse: Permanent Link: IMF study on food and fuel prices

Food And Fuel Prices: Recent Developments, Macroeconomic Impact, And Policy Responses.IMF

Food, food supply and food security IMF Petroleum Trackbacks (0)

Price Surge Driving Some Countries Close to Tipping Point
Source: International Monetary Fund

The impact of surging oil and food prices is being felt globally but is most acute for import-dependent poor and middle-income countries confronted by balance of payments problems, higher inflation, and worsening poverty, a new IMF study warns.

Analyzing the macroeconomic policy challenges arising from the price surges, the study argues that many governments will have to adjust policies in response to the price shock while the international community will need to do its share to address this global problem.

In advanced countries higher food and fuel prices are reducing people’s living standards and making it more difficult for governments and central banks to support growth while containing inflation. In emerging economies, and especially in some low-income countries, the stakes are even higher. For the very poor, high food prices can mean deep poverty, hunger, and malnutrition.

+ Food and Fuel Prices—Recent Developments, Macroeconomic Impact, and Policy Responses (PDF; 1.7 MB)

 

 Docuticker 

July 5th, 2008