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...really measuring carbon, and FAN and TNC can use those calculations - together with sophisticated satellite data - to work out precisely how much potential greenhouse gas is locked within Noel Kempff. That matters, because in 1997 TNC, U.S. utility companies American Electric Power (AEP) and PacifiCorp, and oil major BP Amoco paid Bolivia $10.8 million for the credits represented by all that carbon. In return, the government simply has to ensure that the forest remains standing and healthy for the next 30 years. It's called avoided deforestation, and projects like this may represent one of the most promising ways...
What's unfolding now is a game of high-stakes chicken. In response to Palin's TransCanada plan, BP and ConocoPhillips started plans to build their own pipeline into Canada--and nobody thinks there will be two pipes. Palin's critics say that the gas team's inability to find a way to include the producers from the start could delay the project indefinitely...
...Along with the new geopolitical uncertainties, foreign businesses and investors are also grappling with signs of economic vulnerability such as rising inflation and slowing oil production, as well as heavy-handed corporate meddling by the government - not least in a high-profile joint venture involving British oil giant BP...
...With memories of Yukos' fate still fresh, investors didn't stop there: Putin's comments wiped tens of billions of dollars off Russia's stock market in a matter of days. The Mechel furore came on top of an ugly, months-long scrap over control of oil company TNK-BP between BP and its Russian billionaire partners. Robert Dudley, the BP-appointed CEO, last month quit Russia, citing "sustained harassment of the company and myself." BP blames its Russian partners for orchestrating a state administrative and regulatory crackdown on the firm in recent months; the Russians claim BP hasn...
...Moscow From Russia: Get Out Robert Dudley, CEO of TNK-BP, a lucrative joint venture between British oil giant BP and a Russian consortium, has left the country following what BP called a "campaign of harassment" by Russian authorities, aimed at gaining control of the company. Dudley continues to run TNK-BP, which provides a quarter of BP's global production, from a secret location...