Once again here is the irony. Asia’s economies are booming. Energy consumption is set to sour. Much of this will be conventional energy, including fossil fuels. This will lead to climate change, that will devastate the region. So the more the economies boom, eventually they will bust.
Month: November 2006
Shell Positioning Itself As Asian Energy Solutions Provider
Shell’s subsidiary, Shell Global Solutions is attempting to position itself as the preferred partner for businesses in Asia in managing and developing their growing energy needs. And these needs are increasing rapidly. According to the Energy Information Administration’s (EIA) International Energy Outlook 2006 report, world consumption is projected to increase by 71% from 2003 to 2030.Â
The Arctic is not the Answer
Greenland’s ice-caps may be melting at an alarming rate due to climate change, but that is not stopping the country issuing further oil and gas licenses. Twelve companies have advanced to the prequalification stage under the country’s latest licensing round. Greenland is offering eight blocks covering about 92,000 sq km for exploration off Central-West Greenland. … Read More
Oil Worker Killed in Nigeria
A British oil worker has been killed and an Italian seriously wounded during a  botched attempt to free seven workers seized by Nigerian militants in the troubled Niger Delta. A Nigerian navy spokesman told the BBC that the remaining five foreign hostages had been rescued unharmed, while two militants were killed.
Achuar Take on Peruvian Government Over Pollution
A rare victory for people power. The Guardian has reported how the Achuar Indians from the Amazon have managed to get the Peruvian government to take notice of their plight. For decades they had been saying that their land had been heavily polluted and their waters poisoned by oil exploration, but they had been consistently … Read More
EU Seeks Russian Energy Deal
The European Union is urging Russia and its neighbours to commit to long-term energy contracts that will guarantee them affordable oil and natural gas supplies. The appeal came on the first day of a two-day conference of officials from the 25 EU nations and oil and gas exporting countries.
Oz Goes Nuclear
A report to Autralian Prime Minister John Howard has concluded that twenty-five nuclear reactors, mainly on the east coast, could be producing a third of Australia’s electricity needs by the year 2050. The cost of nuclear power would be substantially higher than fossil fuels, but the attachment of a price on carbon emissions could make … Read More
Invest in Alberta’s “Risk-Free” Oil Sands
Independent investment analysts “Investment U” are promoting Alberta’s oil sands as a “win-win” investment opportunity. They say: “the oil sands will soon be the single-largest source of foreign oil for the U.S. – even bigger than Saudi Arabia”. Oil producers can explore Alberta’s oil sands virtually “risk-free… and for a tremendous profit”.
UK Faces ÂŁ100 billion Energy Gap
A new report warns Britain’s looming energy gap could cost the country more than ÂŁ100bn a year in less than a decade from now. The analysis by the business services group LogicaCMG believes that the energy gap could arrive much earlier than previously thought. It says that by 2010 the shortfall could be 5 per … Read More
WWF: British Government Should Stop Financing Big Oil
WWF is calling on the UK Government to stop using its Export Credit Agency (ECA) to subsidize Big Oil and other carbon intensive sectors. ECAs are public agencies that provide government-backed loans, guarantees, credits and insurance to private corporations from their home country to do business abroad.