Global News Journal

Beyond the World news headlines

from The Great Debate UK:

Squandered oil wealth, an African tragedy

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arvind ganesan-Arvind Ganesan is the Director of the Business and Human Rights Program at Human Rights Watch. The opinions expressed are his own.-

Equatorial Guinea is a tiny country of about half a million people on the west coast of Africa, but is the fourth-largest oil producer in sub-Saharan Africa.

Most of the investment in the country’s multi-billion dollar oil industry comes from the United States. ExxonMobil, Hess and Marathon are all there. Right now, the U.S. imports up to 100,000 barrels of oil a day from Equatorial Guinea, or about a quarter of the country’s oil production.

Oil money gives the country the means to be a model for development and human rights. The economy is nearly 130 times as big as it was when oil was discovered in 1995. But as a report released by Human Rights Watch today details, the government has squandered or stolen much of the money at the expense of its people.

from Africa News blog:

A question of scale

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For days now Britons have been regaled with newspaper stories detailing the dubious expense claims of their Members of Parliament.

The Honourable Members, it seems, have been charging for everything from a few thousand pounds for clearing a moat to a few pence for a new bath plug. An outraged nation has risen almost as one to denounce its greedy lawmakers.

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