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Monday’s Top News
May 24th, 2010
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Global Witness welcomes new government’s promises of reform on corruption, aid, the environment and civil liberties
May 21st, 2010
From Global Witness: The programme for government published today by the UK's new coalition includes commitments and pledges in several of Global Witness key campaign areas. "Having lobbied hard for change on illegal logging, libel reform, aid transparency and white collar crime during the last parliament, we welcome these promises and anticipate swift and meaningful action on each count," said Global Witness Director Charmian Gooch. Libel reform: The policy statement promises a "review of libel laws to protect freedom of speech". As a key member of the Libel Reform Campaign, Global Witness...
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Friday’s Daily News Round-Up
May 21st, 2010
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Goldman Sachs backs Angolan oil deal despite corruption risks
May 20th, 2010
Global Witness: The investment bank Goldman Sachs is backing an oil deal in Angola by U.S. firm Cobalt International Energy, despite a risk that local partners in the deal could expose Cobalt to prosecution for corruption in the United States, Global Witness revealed today. Goldman Sachs is a major shareholder in Cobalt and two of its executives sit on Cobalt's board. Agreements with the Angolan state oil company, Sonangol, give Cobalt shares in two Angolan oil exploration blocks and assign it two local partners, Alper Oil Limitada and Nazaki Oil and Gáz S.A Alper and Nazaki are obscure companies with...
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