ENERGY (MSM)

Ecuador campaign urges Brad Pitt not to make oil movie

Activists have launched a campaign urging Hollywood heartthrob Brad Pitt not to make a movie based on what they call a biased account of Ecuador’s battle with oil giant Chevron over environmental damage in the Amazon. The campaign was launched after Pitt’s production company, Plan B, bought the rights to a book called “Law of the Jungle” that chronicles the legal battle by the indigenous people of Ecuador’s Lago Agrio

India eyes $1.1 billion solar loan from German bank KFW

By Krishna N. Das NEW DELHI (Reuters) – German development bank KFW could lend India $1.1 billion for rooftop solar projects, on top of another loan it has extended to help the Asian country fund its ambitious green energy plans, India’s top renewable energy bureaucrat told Reuters. Prime Minister Narendra Modi wants to quintuple India’s renewable energy capacity to 175 gigawatts by 2022, making clean energy part of his fight

Kuwait seeks arbitration in oil row with Saudi: report

Kuwait has requested arbitration in a dispute with Saudi Arabia over shared oil production from the neutral zone between the Gulf neighbours which has completely halted, a newspaper reported Tuesday. It said that Kuwait has now requested international arbitration but that the terms of the treaty stipulate that can only happen with Saudi Arabia’s agreement. The dispute has seen production from the zone completely halted in a blow to Kuwait,

Saudi, Kuwait to shut neutral zone oilfield

Saudi Arabia and Kuwait decided to shut the second oilfield in the neutral zone, effectively halting output in the area which produced 500,000 barrels of oil, an official said Monday. “A decision has been taken today to shut operations at Wafra oilfield… for two weeks for periodical maintenance,” head of the trade union of Kuwait Gulf Oil Co. (KGOC) Fadghoush al-Ajmi told AFP. KGOC and Saudi Arabian Chevron jointly run