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WATCHING THE WORLD: Environmental impacts

08/27/2007
Environmentalism has long hindered development of the oil and gas industry. But now-in a variety of places around the world-it also has become the means of taking projects away from their developers and putting them into altogether different hands. Consider Kazakhstan, which is using alleged environmental violations as a threat to revoke the license of a consortium led by Italy’s Eni SPA unit Agip to develop the vast offshore Kashagan field.Nurlan Isakov, the country’s environment minister, said the work of the Agip KCO consortium, which includes Royal Dutch Shell PLC, ExxonMobil Corp., and ConocoPhillips, could be stopped because of environmental concerns. His remarks came as...
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