Iceland may be on the verge of a financial collapse but it may soon have another headache to deal with : being on the frontline of the new military and resource conflict of the Arctic.
There is a going to be a rush to exploit the melting Arctic with shipping firms using new routes and oil [...]

We might be in the biggest recession since the 1930s, with thousands of people losing their jobs on a daily basis, but at least someone is still making money.
Yesterday, Shell announced it had made the biggest UK annual profit in history, despite suffering its biggest drop in quarterly profits in a decade. 

A US government-sponsored report has warned that many effects of climate change are already irreversible.
Even if carbon emissions were somehow stopped now, global temperatures could remain high for 1,000 years, concluded the scientists. The report, sponsored by the US Department of Energy, appears in the journal Proceedings of the National Academy of Sciences.

One by one the building blocks of Obama’s Presidency are taking place and the White House begins to take on a tinge of green. In yet another break from the disastrous Bush years, Obama’s Secretary of State, Hillary Clinton, has appointed a special envoy on climate change.
Clinton named the envoy as Todd Stern, a former [...]

In another break from the failed Bush policies, today President Obama is expected to direct federal regulators to allow an application by California and 13 other states to set strict automobile emission and fuel efficiency standards.
Known as the “Californian waiver” under the Clean Air Act, it would allow Californian and 13 others to set their [...]