...the fact that Chinese and Indian oil majors are now signing deals, once almost exclusively the domain of the West and Japanese, is also leading to complaints. Western energy industry executives in Beijing say Indian and Chinese firms observe few environmental or human rights standards, particularly in Africa, where transparency is low, regulation almost non-existent, and government officials easily bought... China and India are also privatising their energy industry. [refers to PetroChina, Sinopec, ExxonMobil, ConocoPhillips]