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This paper examines the current tendencies associated with transnational mining capital in the context of the current period of neoliberal globalization dominated by transnational corporations, and examines the usefulness of the category accumulation by dispossession, Harvey’s adapted version of Marx’s original accumulation. After a review of the original concept by Marx an evaluation of Harvey’s concept is presented. The current state of affairs in the mining industry is examined, in particular, considering the present level of large scale mining or mega-mining. In addition, this paper examines the associated social conflicts addressing the social and environmental impacts, which have resulted from these recent tendencies, not to mention the problems of increased use of corporate management of social resistance, and repression, on the part of the State, especially with regards to the criminalization of social protest. Moreover, the tendency toward reprimarization in several countries is considered and the degree to which this coincides with ongoing expropriation by the State is addressed, followed by an assessment of the relevance of the concept of accumulation by dispossession in the present day.

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.

To learn how Inuvialuit people feel about the oil and gas activities on their land.

Interviews were administered to a stratified sample, on Inuvialuit land. Participants included: Inuvialuit elders; entrepreneurs; public servants; employees of the private sector; managers of oil companies; unemployed persons; housewives; the mayor of Inuvik; and the first aboriginal woman leader in Canada.

It was reported that oil and gas industry activities are having a positive impact on the regional economy, creating indirect as well as direct financial benefits for the Inuvialuit among others. However, some residents qualified their support saying that they are in favour of continued activity only if benefits filter to them as opposed to being enjoyed only by oil companies and migrant employees. Concern was also expressed for the environment and for the threat that development brings to wildlife upon which people rely on as a food source.

This study should have a longitudinal follow‐up.

While oil and gas exploration and the building of a pipeline may have economic advantages, this might have social, cultural and environment costs for the Inuvialuit.

The paper illustrates how oil and gas activities on Inuvialuit land will transform the lives of these people.