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Posts with tag oil-companies

Total as an Oil Robin Hood? A call for big oil company profits to go back to the people

Posted Jun 9th 2008 at 7:27PM by Xavier Navarro

Filed under: Etc., Legislation and Policy, European Union



Ségolène Royal (left) was the Socialist candidate who lost the French Presidential election and is currently the president of the Poitou-Charentes region. She said last weekend that Total, the big French oil company whose CEO thinks gas is cheap, should give back part of its profits to the people. Her idea is to have the company investing up to 80 percent of those profits in renewable energies. She said that this would help France be ready for the post-oil era. In addition, Paris Mayor Bertrand Delanoë (right), who also belongs to the Socialist Party, added that, "Oil companies' profits should be heavily taxed because they're earning a lot of money during a terrible crisis."

While the current French government claimed that Ms. Royal was "exaggerating as usual," Total is, indeed, helping France. Total has given between €140 and 200 million to the French government in January and will likely give some more this summer.

[Source: Libération]


Tags: france, oil-companies, sarkozy, segolene-royal, tax, total

  • Comments (10)

Oil is still inexpensive, says Big Oil CEO

Posted May 23rd 2008 at 11:32AM by Xavier Navarro

Filed under: Etc., Green Daily, European Union



According to the head of France's Oil Giant company Total, oil is still "too inexpensive." This surprising statement is what Total's CEO Christopher de la Margerie said in an interview for French economy magazine Revenu. Even at more than $130 a barrel, he said that oil is still cheaper than in 1974, once we discount inflation. He continues by saying that if oil was actually too expensive, it would discourage demand in countries like China and other emerging economies (it isn't). He also claimed that, "oil is still a non-expensive source of energy if we compare it with other consumer goods."

[Source: Revenu via Autoplus]

Source

Tags: 130-barrel, 1974, oil-companies, oil-prices, revenu, total

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Friends of the Earth: Oil companies can make it better

Posted May 4th 2008 at 2:00PM by Xavier Navarro

Filed under: Etc., Legislation and Policy, European Union

In a dog bites man kind of move, Friends of the Earth has issued a report in which they criticize the oil industry for not doing more to reduce their carbon footprint. The environmental organization believes that measures to increase energy efficiency - as well as forgetting about biofuels - could be the key to reducing the footprint. FotE has made a similar argument in the past. Overall, FotE says, the oil industry could reduce carbon emission by between 10.5 and 11.5 percent through the two measures. This would allow the EU to reach its target of reducing carbon emissions by 20 percent in 2020. According to Friends of the Earth, oil companies aren't telling the truth to the EU when they claim they can't reach the 2020 target, something they say to reduce legislation and increase their profits.

[Source: Friends of the Earth]


Tags: corporate-responsability, friends-of-the-earth, oil-companies

  • Comments (1)

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