Peru raps Pluspetrol following environmental protests

2015 ◽  
Keyword(s):  
Oil And Gas ◽  
Business Community ◽  
Extractive Industries ◽  
Andean Region ◽  
Breach Of Contract ◽  
Content Type ◽  
Popular Pressure ◽  
The Government

Significance The government has ordered Pluspetrol, which owns and operates key oil and gas concessions, to abandon its exploratory activities in the central jungle region, following protests during which one student was killed and at least 32 people injured. The conflict typifies growing organised resistance throughout the Andean region by indigenous and other groups to the presence of extractive industries. Impacts Pluspetrol may lodge a complaint against Peru for breach of contract. Other communities may take this as their cue to lodge protests against extractive industries. The government will be criticised by the business community for having apparently succumbed to popular pressure.

Oil will drive record Guyana growth again in 2022

2021 ◽  
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
National Development ◽  
Oil Industry ◽  
Medium Term ◽  
Content Type ◽  
Development Plans ◽  
The Government ◽  
Wage Increases ◽  
Oil And Gas Sector

Significance As in 2020 and 2021, this projected growth will be driven by the ongoing expansion of the oil and gas sector, and related investment and state revenues. These rising revenues will support the government’s ambitious national development plans, which include both increased social and infrastructure spending. Impacts The government will prioritise enhancing the oil and gas investment framework. Investment into joint oil and gas infrastructure with Suriname will benefit the growing oil industry in both countries. The expansionary fiscal policy may lead to a rise in inflation, leading to further calls for wage increases. In the medium term, strong growth in the oil and gas sector could lead to increased climate change activism in the country.

Using interpretive structure modeling to analyze the interactions between environmental sustainability boundary enablers

2016 ◽  
Vol 23 (3) ◽  
pp. 601-617 ◽  
Author(s):  
Navin K. Dev ◽  
Ravi Shankar
Keyword(s):  
Supply Chain ◽  
Environmental Sustainability ◽  
Business Community ◽  
Sustainable Supply Chain ◽  
Interpretive Structural Modeling ◽  
Content Type ◽  
Modern Business ◽  
The Government ◽  
Power And Dependence

Purpose – The modern business community understands the importance of long-term satisfaction of consumer. Enabling the consumer to return products is a significant part of the equation. The purpose of this paper is to analyze the sustainable boundaries in terms of their relationship toward greening a supply chain. Design/methodology/approach – Using interpretive structural modeling the research presents a hierarchy-based model to realize the driving power and dependence of sustainable boundary enablers. Findings – The research shows that there exists a group of enablers having a high driving power and low dependence requiring maximum attention and of strategic importance while another group consists of those variables which have high dependence and are the resultant actions. Practical implications – This classification provides a useful tool to supply chain managers to differentiate between independent and dependent variables and their mutual relationships which would help them to focus while making strategic, tactical or operational decisions as and when required while designing a green supply chain. Originality/value – This research assumes importance in context of greening a supply chain when globally enterprises are getting a lot of pressure from consumers as well as the regulatory measures from the government. Sustainability demands that the resources be used in lean manner through information coordination with all partners in a supply chain. The findings of this study would help delineate those variables that should to be necessarily considered to design a sustainable supply chain.

Indonesian energy reform eyes public-private balance

2015 ◽  
Keyword(s):  
Oil And Gas ◽  
Local Level ◽  
National Level ◽  
Content Type ◽  
Resource Endowment ◽  
Gas Market ◽  
The Government ◽  
Private Investors ◽  
Energy Assets ◽  
Oil And Gas Sector

Subject Proposed reforms in the oil and gas sector. Significance In the face of strong resource nationalism, President Joko 'Jokowi' Widodo's government faces strong pressure to improve the balance between public control and private participation in the oil and gas sector. To that end, the government proposes to amend the 2001 oil and gas law. Its draft amendment proposes, most notably, that state enterprises should control all production operations, while private investors provide technology and capital. The government is also considering revisions to the upstream regime, which is currently based on production-sharing contracts (PSCs). These changes require parliamentary approval. Impacts Private firms, especially foreign ones, are likely to delay fresh investment in energy assets, given the oil and gas market glut. Indonesia's vast natural resource endowment will attract private interest, but regulatory uncertainty will be an abiding problem. Transparency in the extractive sector will continue to rise at the national level, but local level reforms will be slow.

Courts, graft and protests threaten Guatemala mining

2016 ◽  
Keyword(s):  
Mining Activity ◽  
Extractive Industries ◽  
Court Decisions ◽  
Content Type ◽  
Reputational Risk ◽  
The Government

Subject Mining outlook. Significance The administration of President Jimmy Morales has resisted renewed calls to resurrect a former moratorium on mining activity. However, efforts to expand the sector have still suffered numerous setbacks in the form of protests, adverse court decisions and ongoing investigations into potential links between projects and the corrupt administration of former President Otto Perez Molina (2012-15). Impacts Weak structures for monitoring revenues will hinder progress towards membership of the Extractive Industries Transparency Initiative. Potential probes into operations that received mining licences under Perez Molina may expose some firms to sanctions and reputational risk. Popular opposition to some projects could lead the government to revisit proposals to increase royalty charges for firms in the sector.

Saudi economic reform will be gradual

2016 ◽  
Keyword(s):  
Business Community ◽  
Special Treatment ◽  
Asset Sales ◽  
Royal Family ◽  
Content Type ◽  
Capital Spending ◽  
The Government ◽  
Crown Prince ◽  
Spending Cuts

Significance The government has recently taken some modest steps to rein in the budget deficit, including cuts in energy subsidies, and has promised to improve disclosure of its fiscal performance, but is preparing further measures to put the economy on a sustainable long-term footing. Impacts Subsidy cuts and the prospect of VAT could cause popular resentment because they will affect ordinary citizens more severely than the elite. These measures will widen the income gap and, in the longer run, could increase pressure for more accountable forms of government. Land and other asset sales could generate controversy if businesses associated with the royal family are receiving special treatment. Capital spending cuts will create anger among the business community if projects linked to the deputy crown prince are protected. A prolonged fiscal squeeze could stoke tensions within the royal family and damage the credibility of the deputy crown prince.

Persistent protests threaten Tunisian government

2017 ◽  
Keyword(s):  
Political Parties ◽  
Oil And Gas ◽  
Coalition Government ◽  
Content Type ◽  
The Government ◽  
Oil And Gas Sector

Significance Another field, Chouech Essaida, has been shut since February 28 because of labour unrest. Demonstrations extend beyond the oil and gas sector. Months of protests across Tunisia are beginning to exact a toll on the coalition government as demonstrators return to the streets of the capital to challenge the latest effort to pass a controversial ‘economic reconciliation’ bill that would in effect give amnesty to businessmen who engaged in corrupt practices under the former regime. Impacts The unity of the coalition government will come under further pressure as ministers struggle to respond to demonstrations. Political parties risk becoming more isolated from the electorate without major internal reforms. The government will be tempted to return to more authoritarian techniques of rule as protests deepen.

Nigerian banks will struggle to repeat 2017 results

2018 ◽  
Keyword(s):  
Small Businesses ◽  
Banking Sector ◽  
Oil And Gas ◽  
National Elections ◽  
Treasury Bills ◽  
Content Type ◽  
Balance Sheets ◽  
Domestic Debt ◽  
The Government ◽  
Run Up

Subject Nigerian banking sector. Significance Some of Nigeria’s largest banks made significant profits in 2017 despite the country’s recession, benefitting mainly from high-yielding Nigerian Treasury Bills. This is unlikely to be repeated this year, with yields falling as the government replaces expensive domestic debt with cheaper Eurobonds, and banks attempt to shore up their balance sheets. Higher oil prices will help this process, yet many smaller banks are struggling to replicate their larger rivals' success. Impacts A restructuring of telecommunications company 9Mobile’s loan would benefit banks' non-performing loan numbers. Any uptick in Niger Delta insecurity could negatively impact banks, as most have significant loans with the upstream oil and gas sector. The CBN may issue more loans via commercial banks to small businesses and farmers in the run-up to next year's national elections.

Donor support will be key to Benin’s recovery

2017 ◽  
Keyword(s):  
Government Reform ◽  
Policy Changes ◽  
Regional Trade ◽  
Content Type ◽  
Business Interests ◽  
Political Interests ◽  
Donor Support ◽  
Fiscal Reforms ◽  
Popular Pressure ◽  
The Government

Subject Benin's development challenges. Significance Nine months after the business tycoon Patrice Talon became president of Benin, his government is pursuing a development programme costing 9 trillion CFA francs (14.4 billion dollars). Much of this five-year “Benin Revealed” programme announced last month must be funded through commercial investment. Talon’s government faces significant economic challenges as fiscal reforms in Nigeria have weakened Cotonou’s position as a regional trade gateway. Impacts Popular pressure will grow on parliamentarians to declare their assets, following the president’s lead in November. Donor demanded anti-corruption measures will face resistance from entrenched business and political interests. The government will press Nigeria for a phased introduction of trade policy changes. Stalling government reform could prompt deeper media inquiries into Talon’s business interests.

Environmental enforcement pressures will mount in Peru

2018 ◽  
Keyword(s):  
Environmental Protection ◽  
Energy Development ◽  
Extractive Industries ◽  
Policy Agenda ◽  
Environmental Enforcement ◽  
Content Type ◽  
The Will ◽  
Environmental Norms ◽  
The Government ◽  
Will Force

Subject Environmental protection. Significance Environmental protection has moved up Peru’s policy agenda, especially in the Amazon region. However, the government lacks the power -- and arguably still the will -- to enforce restrictions on uses that harm the environment, notably energy development and road building. Pressure for better environmental protection has hitherto come chiefly from abroad. Impacts Indigenous organisations will gain influence in the policy sphere. Extractive industries will come under pressure to adapt their practices to environmental norms. Climate change will force the government to take issues of deforestation more seriously.

Russian metal exports adjust to tariffs and sanctions

2018 ◽  
Keyword(s):  
Oil And Gas ◽  
Value Added ◽  
Environmental Cost ◽  
Domestic Consumption ◽  
Content Type ◽  
Ferrous Metals ◽  
The Us ◽  
Single Industry ◽  
Non Ferrous Metals ◽  
The Government

Subject Russia's metals sector and its prospects. Significance Russia's metals sector is second in importance only to oil and gas. Steel is much more important in volume and value terms than non-ferrous metals, including sanctions-hit aluminium. Overcapacity in the sector means that investment is likely to be restricted to capacity maintenance and some new projects offering high value-added opportunities. Rusal, the largest Russian aluminium producer, has until November 12 to extricate itself from the US sanctions list, otherwise its domestic production will be hard hit, even though the government will try to increase domestic consumption of the metal. Impacts Volatility in the metals sector poses risks to employment and incomes in 84 of Russia's 319 single-industry towns ('monograds'). Taking aluminium processing to a higher stage in Russia will boost revenues at less environmental cost than that incurred at earlier stages. A dearth of expert personnel acting as 'innovation advocates' is hampering broader industrial application of aluminium-based technologies.

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