Australia: Mining Future 'Still Bright'; Shell Quits Offshore Alaska Well; Chevron May Have to Pay for Ecuador Disaster
Australian mining sector’s future is still bright, resources minister says. Australia’s new resources minister says he is upbeat about the future of the country’s mining sector, despite slumping prices and accelerating efforts among major nations, including China, to combat climate change by curbing fossil-fuel emissions.
Shell abandons disappointing offshore Alaskan well. Royal Dutch Shell said Monday it would stop exploration off the coast of Alaska “for the foreseeable future.”
Chevron May Yet Have to Pay Billions for Its Ecuadorian Catastrophe. Like ExxonMobil, Chevron has a very long history of bad behavior and disregard for people and the environment. Rulings made in Ecuadorian and Canadian courts against the fossil fuel giant for polluting the Amazon’s waterways may finally hold the company accountable.
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