The agreement with China will increase U.S. exports of liquid natural gas. Navigator Holdings, which could gain from increased drilling, has a business partnership with a Russian-owned firm and is partially owned by Ross via an offshore investment fund. For deal-maker Wendy Teramoto — Ross' chief of staff and Navigator board member at the time — it raises a conflict of interest.
Documents made public as part of a data dump being called the Paradise Papers show that Commerce Secretary Wilbur Ross has dealings with Sibur, an energy company with close ties to Russian President Vladimir Putin, through his investment in a shipping company called Navigator Holdings.
Venezuela’s state-owned oil company must make a $1.2 billion payment to creditors tomorrow as it risks defaulting it’s debt. Russia’s state-owned oil company Rosneft has made billions of dollars in loans to cash-strapped Venezuela and is likely to step in again. This is part of a strategy for making energy investments in unstable countries where […]
Chinese internet giant Alibaba is taking a big step toward competing globally. It plans to more than double spending on research and development to $15 billion over the next three years, and will open labs in seven cities around the world, including in Russia, Singapore and in the U.S. But can its dominance of the […]
