Uganda: Tullow Oil controversially get licence to flare gas
Date: 17 Feb 2010
Tullow Oil has reached agreement with the Ugandan government that it will be allowed to flare gas at its operations in the country - a process that would release large quantities of greenhouse gases, according to an NGO report.
The agreement has few environmental safeguards and should be changed, according to NGO Platform, who carried out the study. In addition, the group said that revenues from the agreement should be better channelled into benefiting the local community.
Tullow has said that it is committed to good practices within its Ugandan operations, although which standards apply is by no means clear. The company has also said that it is unable to comment directly on the terms of its agreement with the Ugandan government because it is required to uphold confidentiality under terms of the agreement.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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