Shell is facing the humiliation of having to reduce its workforce by 5000 as part of a radical cost-cutting drive due to the falling oil price.
As the oil giant’s profits had plummeted an amazing 73 per cent, Peter Voser, the chief executive, said “the outlook remains very uncertain, and we are not expecting a quick [...]

Much of the political chatter across Europe this morning is about the prospect of ex-British Prime Minister Tony Blair becoming the new President of the European Council, if and when the Lisbon Treaty is ratified by all Member States.
But behind the scenes at today’s Brussels Summit a huge political row is raging over not only [...]

And so it goes on. We may be able to send people to the moon but we are not able to stop a simple leak on an oil rig.
Over two months after Thailand’s PTTEP’s well sprung a leak in the Timor Sea, the oil continues to pour into the sea at a rate of some [...]

There has been a growing movement amongst communities from the South that are affected by oil exploitation to keep the “oil in the soil.”
Campaigners from both Nigeria and Ecuador have long mooted the idea, and so have some governments.
For the last two years Ecuador’s President Rafael Correa has proposed that his government should be paid [...]

There will be many twists and turns in the run up to Copenhagen.
Most people believe that there will not be a comprehensive climate agreement in December, or if there is, it will be so compromised it will not solve the problem.
But what if the agreement actively makes things worse? According to the Independent newspaper, a [...]