Given the news from the UN this morning (see next blog, Humanity’s Survival at Risk), its interesting that Reuters are reporting the results of its Smaller Companies Forum that concluded that rising oil prices are a bigger threat to the world economy than climate change in the next 10 years.
This said, the corporate execs who […]

BP yesterday accepted blame for failures to protect employees, the environment and consumers as it agreed to hand over a total of $373m to settle a string of criminal investigations into its conduct across America.
In an effort to put lapses under the leadership of Lord Browne behind it, BP struck a broad deal with the […]

The international effort to curb greenhouse gas emissions – as currently enshrined in the Kyoto Protocol – is a miserable “failure” that needs to be replaced, according to a study in the journal Nature.
“The Kyoto protocol… as an instrument for achieving emissions reductions, has failed,” it says. “It has produced no demonstrable reductions in emissions […]

At least 18 Mexican oil workers have been killed after a drilling rig hit an oil platform in stormy weather, spilling gas and oil into the Gulf of Mexico. Seven workers are still missing.
Rescuers have pulled 61 oil workers to safety from storm-tossed waters but have yet to control the oil leak, according to Mexico’s […]

A Darfur rebel group has claimed it has attacked a Sudanese oilfield in the Kordofan region, taking a Canadian and an Iraqi oil worker hostage, according to the BBC.
The group, the Justice and Equality Movement (Jem), said it attacked the facility which is run by a Chinese-led consortium in the Defra oilfield.