Ecuadorian President Rafael Correa, president of the smallest oil producing and exporting member of OPEC, has committed to expanding oil drilling – from the current 513,000 barrels of oil per day. President Correa announced last week that he signed an executive decree to end the Yasuni Ishpingo-Tambococha-Tipuni (ITT) initiative. ITT are oil blocks, which house […]
In time for its annual meeting last month, the World Economic Forum released the fifth edition of its Global Risks Report (full report here). Each year, the report outlines some of the current issues dominating the global risks landscape and the appropriate measures required to address these risks. If the 2010 report is distinguished from […]
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