BP: Fear and Speculators Driving Up Oil Price

April 26, 2006By Andy RowellBlog Post 1 Comment

BP’s CEO, John Browne, has warned that fear was driving the price of crude to artificially high levels, with “untold consequences” for the global economy. He argued that turbulence in Iran, Iraq and Nigeria was leading to continual speculation about oil shortages and there were “all sorts of things that suggest it is getting worse”.

World Bank to Promote Clean Energy

April 25, 2006By Andy RowellBlog Post

The World Bank has unveiled a new project to promote the use of clean energy in developing countries, where it argues that up to 40 billion dollars a year is needed to cover the costs of adapting to projected climate change.

Monbiot: Why Fossil Fuels Are Best

April 25, 2006By Andy RowellBlog Post 1 Comment

Celebrated UK green activist and Guardian columnist, George Monbiot, today argues that “This is embarrassing, but I’ve become a fossil fuel supporter”. He argues: “I find myself at odds with almost everyone, by deciding, at the worst possible moment, that in one respect at least our battle against climate change depends on neither nuclear power … Read More

Shell urged to Stop $20bn Sakhalin Pipeline

April 25, 2006By Andy RowellBlog Post

With the melting of the ice after eight months, the Anglo-Dutch oil giant is set to enter a crucial offshore construction phase in the development of its $20bn [£11.2bn] oil and gas programme. Wildlife campaigners say the price of the pipeline could be the extinction of a species of whale. Campaigners, including WWF, are demanding … Read More

Renewable Energy Still Struggling

April 24, 2006By Andy RowellBlog Post

Renewable energy sill only accounts for 14 percent of the energy consumed in the world today, according to new figures from the International Energy Agency (IEA). This compares to six percent for nuclear power and a massive 80 percent for fossil fuels.

Climate Change Changing UK Landscape

April 24, 2006By Andy RowellBlog Post

Climate change has brought about a rapid and dramatic shift in Britain’s landscape, according to a new report published today. Rising temperatures have allowed species such as orchids and ferns to flourish in the north, while other species retreat to cooler conditions on high land and mountainsides.