The Financial Times has slowly woken up to the race for Africa’s oil resources.“In the past decade, Africa has seen an unprecedented boom in oil and gas investment,” writes the paper.
“With big companies shut out, or deterred from investing in the Middle East, Africa has by contrast offered multinationals relatively lenient terms and extensive access […]

The former chief executive of British oil giant BP, Lord Browne, can avoid extensive face-to-face grilling from plaintiffs’ lawyers about the deadly March 2005 explosion at the company’s Texas City refinery, the Texas Supreme Court has ruled.
While the ruling directed a judge to enforce an agreement allowing for John Browne to give a […]

Climate change is occurring far more rapidly than even the worst predictions of the UN’s Nobel Prize-winning scientific panel on climate change, Al Gore warned yesterday.
Recent evidence shows “the climate crisis is significantly worse and unfolding more rapidly than those on the pessimistic side of the IPCC projections had warned us,” said Gore.
There are now […]

For those worried about oil sands development in Alberta in Canada and what they will do to the climate and environment, they might also have to start worrying about events closer to home.
Analysts say the lower 48 U.S. states contain enough heavy crude oil deposits to power the economy for several years.

Two more warnings about climate change- this one and another one from Al Gore (see above).
The world’s climate is “clearly out of balance and is warming”, the world’s largest society of Earth and space scientists has said in a statement. The American Geophysical Union (AGU) has warned that changes to the Earth’s climate system were […]