Petroleum Accidents in the Global South

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Kuvaus

Transnational corporation (TNC)-led oil investments have been widely
encouraged as a mechanism for the development of the Global South. Even
though the sector is characterized by major accidents, oil-based developmentalist narratives claim that such accidents are merely isolated incidents that can be administratively addressed, redressed behaviorally through education of certain individuals, or corrected through individually targeted post-event legislation. Adapting Harvey Molotch’s (1970) political economy methodology of “accident research”, this paper argues that such “accidents” are, in fact, routine in the entire value chain of the oil system dominated by, among others, military-backed TNCs which increasingly collaborate with national and local oil companies similarly wedded to the ideology of growth. Based on this analysis, existing policy focus on improving technology, instituting and enforcing more environmental regulations, and the pursuit of economic nationalism in the form of withdrawing from globalization are ineffective. In such a red-hot system, built on rapidly spinning wheels of accumulation, the pursuit of slow growth characterized by breaking the chains of monopoly and oligopoly, putting commonly generated rent to common uses, and freeing labor from regulations that rob it of its produce has more potency to address the enigma of petroleum accidents in the global south.
Alkuperäiskielienglanti
OtsikkoEnvironmental Impacts of Transnational Corporations in the Global South
ToimittajatPaul Cooney, William Sacher Freslon
Sivumäärä32
KustantajaEmerald Group Publishing Limited
Julkaisupäivä14 tammikuuta 2019
Sivut111-142
ISBN (painettu)978-1-78756-035-2
ISBN (elektroninen)978-1-78756-034-5
TilaJulkaistu - 14 tammikuuta 2019
OKM-julkaisutyyppiA3 Kirjan tai muun kokoomateoksen osa

Julkaisusarja

NimiResearch in Political Economy
KustantajaJAI Press
Vuosikerta33
ISSN (painettu)0161-7230

Tieteenalat

  • 5203 Kehitysmaatutkimus

Lainaa tätä

Obeng-Odoom, F. (2019). Petroleum Accidents in the Global South. teoksessa P. Cooney, & W. Sacher Freslon (Toimittajat), Environmental Impacts of Transnational Corporations in the Global South (Sivut 111-142). (Research in Political Economy; Vuosikerta 33). Emerald Group Publishing Limited.
Obeng-Odoom, Franklin. / Petroleum Accidents in the Global South. Environmental Impacts of Transnational Corporations in the Global South. Toimittaja / Paul Cooney ; William Sacher Freslon. Emerald Group Publishing Limited, 2019. Sivut 111-142 (Research in Political Economy).
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title = "Petroleum Accidents in the Global South",
abstract = "Transnational corporation (TNC)-led oil investments have been widelyencouraged as a mechanism for the development of the Global South. Eventhough the sector is characterized by major accidents, oil-based developmentalist narratives claim that such accidents are merely isolated incidents that can be administratively addressed, redressed behaviorally through education of certain individuals, or corrected through individually targeted post-event legislation. Adapting Harvey Molotch’s (1970) political economy methodology of “accident research”, this paper argues that such “accidents” are, in fact, routine in the entire value chain of the oil system dominated by, among others, military-backed TNCs which increasingly collaborate with national and local oil companies similarly wedded to the ideology of growth. Based on this analysis, existing policy focus on improving technology, instituting and enforcing more environmental regulations, and the pursuit of economic nationalism in the form of withdrawing from globalization are ineffective. In such a red-hot system, built on rapidly spinning wheels of accumulation, the pursuit of slow growth characterized by breaking the chains of monopoly and oligopoly, putting commonly generated rent to common uses, and freeing labor from regulations that rob it of its produce has more potency to address the enigma of petroleum accidents in the global south.",
keywords = "5203 Development Studies, petroleum, accumulation and rent, Africa, global south, political economy, TNCs",
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Obeng-Odoom, F 2019, Petroleum Accidents in the Global South. julkaisussa P Cooney & W Sacher Freslon (toim), Environmental Impacts of Transnational Corporations in the Global South. Research in Political Economy, Vuosikerta 33, Emerald Group Publishing Limited, Sivut 111-142.

Petroleum Accidents in the Global South. / Obeng-Odoom, Franklin.

Environmental Impacts of Transnational Corporations in the Global South. toim. / Paul Cooney; William Sacher Freslon. Emerald Group Publishing Limited, 2019. s. 111-142 (Research in Political Economy; Vuosikerta 33).

Tutkimustuotos: Artikkeli kirjassa/raportissa/konferenssijulkaisussaKirjan luku tai artikkeliTieteellinenvertaisarvioitu

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N2 - Transnational corporation (TNC)-led oil investments have been widelyencouraged as a mechanism for the development of the Global South. Eventhough the sector is characterized by major accidents, oil-based developmentalist narratives claim that such accidents are merely isolated incidents that can be administratively addressed, redressed behaviorally through education of certain individuals, or corrected through individually targeted post-event legislation. Adapting Harvey Molotch’s (1970) political economy methodology of “accident research”, this paper argues that such “accidents” are, in fact, routine in the entire value chain of the oil system dominated by, among others, military-backed TNCs which increasingly collaborate with national and local oil companies similarly wedded to the ideology of growth. Based on this analysis, existing policy focus on improving technology, instituting and enforcing more environmental regulations, and the pursuit of economic nationalism in the form of withdrawing from globalization are ineffective. In such a red-hot system, built on rapidly spinning wheels of accumulation, the pursuit of slow growth characterized by breaking the chains of monopoly and oligopoly, putting commonly generated rent to common uses, and freeing labor from regulations that rob it of its produce has more potency to address the enigma of petroleum accidents in the global south.

AB - Transnational corporation (TNC)-led oil investments have been widelyencouraged as a mechanism for the development of the Global South. Eventhough the sector is characterized by major accidents, oil-based developmentalist narratives claim that such accidents are merely isolated incidents that can be administratively addressed, redressed behaviorally through education of certain individuals, or corrected through individually targeted post-event legislation. Adapting Harvey Molotch’s (1970) political economy methodology of “accident research”, this paper argues that such “accidents” are, in fact, routine in the entire value chain of the oil system dominated by, among others, military-backed TNCs which increasingly collaborate with national and local oil companies similarly wedded to the ideology of growth. Based on this analysis, existing policy focus on improving technology, instituting and enforcing more environmental regulations, and the pursuit of economic nationalism in the form of withdrawing from globalization are ineffective. In such a red-hot system, built on rapidly spinning wheels of accumulation, the pursuit of slow growth characterized by breaking the chains of monopoly and oligopoly, putting commonly generated rent to common uses, and freeing labor from regulations that rob it of its produce has more potency to address the enigma of petroleum accidents in the global south.

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Obeng-Odoom F. Petroleum Accidents in the Global South. julkaisussa Cooney P, Sacher Freslon W, toimittajat, Environmental Impacts of Transnational Corporations in the Global South. Emerald Group Publishing Limited. 2019. s. 111-142. (Research in Political Economy).