Climate change could tilt the world’s economy into the worst global recession in recent history, a major report will warn next week. Sir Nicholas Stern, a former chief economist with the World Bank, will warn that governments need to tackle the problem head-on by cutting emissions or face economic ruin.

Whilst Britain belatedly introduces a watered-down Climate Bill and other countries tinker and talk about Climate Change, low-lying South Pacific nations such as Kiribati are literally sinking beneath the waves. Kiribati is an archipelago of 33 coral atolls barely 6ft above sea level, and is literally vanishing as sea-temperatures rise.

After months of intense pressure, the British government will today agree plans for a Climate Change bill setting new long-term targets to cut carbon emissions in Britain.
Although an independent body will be set up to advise the government on how best to achieve the targets, the government is resisting the idea of a law requiring [...]

The Exxpose Exxon coalition, which Oil Change is a part of, is highlighting and objecting to the latest egregious example of the cozy relationship between oil and state. Remember all the scandal around Cheney’s closed door National Energy Strategy? Now there’s a new study – requested by the government and run by the [...]

Check out New York Global Securities analyst Phillip Miller’s investment advice on oil, which boils down to: buy now, because the price is going back up after the election. “We believe that the last three major declines in the price of oil coincided with various U.S. Senatorial hearings and expectations surrounding the upcoming U.S. [...]