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Tyranny's Full Tank

Author: Marina Ottaway, Carnegie Endowment for International Peace, in New York Times [opinion], Published on: 31 March 2005

Oil prices will remain high for the foreseeable future, yielding more revenue to shore up authoritarian regimes...It is imperative for the international community, led by the United States, to increase its so far timid efforts to curb the political and developmental harm that oil revenue causes in poor countries....The most promising initiatives so far are those that seek to put in the hands of citizens more information about how much revenue their governments receive and how they spend it, so they can demand accountability...The international community...also needs to secure the cooperation of state oil companies from countries like China and Malaysia [China National Petroleum Corporation (CNPC), PetroChina, Petronas], which have ignored demands for disclosure.

Read the full post here

Related companies: China National Petroleum Corporation (CNPC) PetroChina (part of China National Petroleum Corporation) Petronas