A group of US senators is pressing President Bush to halt billions of dollars in sophisticated arms sales to Saudi Arabia and several other Gulf oil producers unless they agree to pump more oil.
The senators said if Saudi Arabia does not increase production, they would seek a resolution that would block the arms deals. But […]

Everyday someone warns about the dangers of oil sands, so what does BP do? It invests in oil sands? Every day someone else warns of the dangers of biolfuels, so what does BP do? Invest in biofuels…
BP has announced plans to invest $560m in biofuels, arguing that its proposals to develop ethanol production from sugar […]

This is worrying. Levels of the greenhouse gas methane in the atmosphere seem to be rising having remained stable for nearly 10 years.
Data from the National Oceanographic and Atmospheric Administration (Noaa) in the US suggest concentrations rose by about 0.5% between 2006 and 2007. The rise could reflect melting of permafrost, increased industrialisation in Asia […]

Oil prices are going up, food prices too. And so are the number of oil wells being drilled in the US. According to the American Petroleum Institute, more than 17,000 new oil wells were tapped in 2007, the most active pace since 1990.
Reuters has reported one such case that signifies changing times.  What is of […]

At their annual summit in Tokyo, European and Japanese leaders have called for “ambitious and binding” targets for cutting greenhouse gas emissions.
Their statement says curbing climate change will need mobilisation of “unprecedented investments and finance” mainly from the private sector.