It could be the ultimate irony for millions of people who opposed the illegal war in Iraq – within months when they switch on their heating or their cooker, they could be burning Iraqi gas. Their homes could be heated by the spoils of war.
Yesterday Shell signed a $4 billion gas deal – the first […]

For nearly twenty years anyone concerned about climate change has been worried about the millions and millions of tonnes of frozen methane locked in the permafrost slowly melting and being released into the atmosphere.
It was seen as a nightmare scenario, known as a positive feedback mechanism, where the more the Arctic melted the more methane […]

Tackling climate change can have a significant impact on your company’s value to the total of $7 trillion, according to a new report by the London-based Carbon Trust.
The report, based on analysis by McKinsey & Co, found that companies’ futures will be highly dependent on how well prepared they are for the move to a […]

You would think that as the US government thinks about buying up large numbers of distressed mortgages held by the country’s ailing financial institutions and sticking them in the “Bad Bank”, it would be in need of every dollar it could get.
As one financial analyst said last night, the bad bank might work until American […]

It was inevitable that some sections of the Canadian press would defend tar sands, but the arguments they are using are fundamentally flawed.
In an editorial entitled “’Dirty oil’ beats bloody oil” today, the Calgary Herald tries to hit back at recent moves (see blog here) that highlight the financial risks of oil sands. The paper […]