Yesterday, the Financial Times rocked the oil world with a story about how the Chinese state-owned oil company, CNOC, was in talks with the Nigerian Government to buy large stakes in some of the country’s key oil blocks.
The story was so compelling, because if it is accurate, it puts the Chinese in direct competition with [...]

The good news is that President Obama is going to Copenhagen.
The bad news is that he is going on a whirlwind trip to lobby the International Olympic Committee on behalf of Chicago’s bid to host the 2016 Games.
Its got nothing to do with climate change.

A 4 C rise and counting. By 2060.
That is the message from the UK Met Office in a study prepared for the British Government. Unless there is a radical action on carbon emissions, a catastrophic four degree rise in centigrade (7.2 F) could happen in many people’s live-times.
That is five decades before most people thought [...]

I don’t know how many G20 leaders will have time to read the FT website today, but they should. The paper’s editorial is nothing short of staggering.
It starts by stating “As addictions go, the world’s addiction to fossil fuels is a killer.”
Coming from the mouthpiece of one of the world’s financial capitals, which is still [...]

So the political road-show moves from the UN up to the G20 at Pittsburgh, where climate and the banking crisis will be on the table.
And so will a discussion about ending fossil fuel subsidies.
For years campaigners have been arguing for the ending of the tax breaks and other incentives given to the fossil fuel lobby [...]