Large reserves of oil, gas and minerals in poor countries generate opulent
revenues. They could be used to stimulate economic growth and reduce
poverty, but often result in environmental destruction and conflict,
benefiting large companies and corrupt governments. IPS covers news about
major oil, gas and mining projects, their effects on the environment and
local communities, and the ideas and actions of the interest groups
involved.
The contents of this news coverage, including any funded by the European Union, are the sole responsibility of IPS and can in no way be taken to reflect the views of the European Union.