Hack Will Lead to Little, if Any, Punishment for Equifax

The hacking into Equifax’s trove of consumer and financial data that exposed the sensitive personal information of as many as 143 million Americans leads naturally to the question of the legal consequences the company and its executives might face. The answer, for those who remember the government’s response to the financial crisis, will be as … Continued

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Cyber-security: More than 1,000 attacks reported in UK

The centre – part of the intelligence agency GCHQ – says more than half the incidents posed a significant threat. None of the incidents was category one level involving interference with the democratic system or crippling critical infrastructure such as power. But NCSC head Ciaran Martin warned there could be more significant and damaging attacks … Continued

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Eni takes blame for oil and tar balls on UK beaches

Wyre Council on Wednesday said it was working with the Maritime and Coastguard Agency (MCA) to establish the extent of the pollution and carry out a clean-up operation. According to Blackpool Council Eni has accepted the blame for the oil and tar balls on the beaches in Liverpool Bay. Blackpool Gazette reports the analysis of the … Continued

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Congress can (and should) fix the law on shell companies

Alexandra Gilies, an advisor with the Natural Resource Governance Institute (NRGI), reports that last week, members of congress introduced bipartisan bills in the House of Representatives and Senate that would, finally, make this practice more difficult. The legislation would also address contradictions in current U.S. policy toward corruption, as shown by several oil sector cases mentioned below. The bills … Continued

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Arrival of FPSO Kufuor is good news – ACEP

Energy think tank Africa Centre for Energy Policy (ACEP) has described the arrival of the FPSA John Agyekum Kufuor as timely. According to the policy think tank, the arrival of the vessel will contribute enough revenue for the Nana Addo-led NPP to use in growing the economy. In a statement issued by ACEP, it said: “this … Continued

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Shell admits dealing with money launderer

It comes after emails were published showing Shell negotiated with Dan Etete, who was later convicted of money laundering in a separate case. Shell and an Italian oil company paid $1.3bn (£1bn) to the Nigerian government for access to the field. Investigators claim $1.1bn was passed to a firm controlled by Mr Etete. Shell and … Continued

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