Oil and hope for Chad

Fundamental issues for the oil and gas industry came into focus last week in the announcement of international financial support for the Chad-Cameroon oil-development and pipeline project. The World Bank called the agreement "an unprecedented framework to transform oil wealth into direct benefits for the poor, the vulnerable, and the environment." Cynics will dismiss those words as press-release hype. But the oil industry should make them the foundation for its operations everywhere.As this space has argued frequently in recent weeks, the wealth benefits of resource development need greater status in energy politics. A two-front assault on oil and gas has consolidated into an effective en...

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