Irony number two. He owns a global airline that pumps out millions of tonnes of carbon dioxide. He also wants to introduce incredibly polluting space travel, but now Sir Richard Branson, is offering $25 million to the scientist who can extract that carbon dioxide from the atmosphere. Together with the former US president Al Gore, … Read More
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Sir John’s Toxic Legacy
We don’t want to overdo the concept of “irony” on the blog. But here are a couple to make you think. Here’s the first one: BP’s retiring CEO, Sir John Browne’s, is set to walk of with a retirement pot of $140 million. Not bad eh? We know he leaves behind chronic failures in BP … Read More
Inuit Accuse US of Destroying Their Rights
A delegation of Inuit is to travel to Washington DC to provide first-hand testimony of how climate change is destroying their way of life and to accuse the Bush administration of undermining their human rights. The delegation to Washington will be led by Sheila Watt-Cloutier, the former chair of the Inuit Circumpolar Conference who was … Read More
Climate Change Will Boost Economy, Says Bank
Far from wrecking the economic growth, climate change will boost the global economy, according to Barclays Capital, a leading investment bank. It believes the need to increase energy capacity by 50 per cent by 2035, while simultaneously reducing dependence on hydrocarbons, will spark an “energy revolution” reminiscent of the dot.com boom.
Shell Plans “Aggressive” Drilling Programme in Arctic
Shell is gearing up for an “aggressive” 2007 offshore exploration programme in the Alaskan Beaufort Sea, with plans to operate two drilling vessels and drill three wells. “We like Alaska. It’s part of the United States. We have a lot of experience here, and it’s good to be back,” says Rick Fox, manager of Shell’s … Read More
Gunmen Kidnap First Female Oil Worker in Nigeria
So the cycle of violence continues in Nigeria. Yesterday, gunmen seized a female from the Philipinnes who works for the French oil company Total SA. The victim is the first known female taken captive in the recent upsurge of violence.
Send A “Wake-up Call” To World Leaders
The video features George Bush, Vladimir Putin and Jacques Chirac in bed, fast asleep. All around them the evidence of climate change is clear and pressing but nothing rouses them from their slumber. “Global warming is here, but our leaders just won’t wake up,” says a voice. “Now you can sound the alarm. Go to … Read More
EU Bows to Car Lobby on Pollution Limits
No surprises here really. The European Commission has missed a vital chance to impose tough curbs on CO2 emissions from cars after fierce lobbying from the car lobby, especially German manufacturers. Instead the Commission will opt today for a blueprint on emission limits that avoids placing the maximum burden on car-makers.
China Plans Carbon-Trading Scheme
China, which is poised to pass the US as the world’s largest carbon dioxide emitter, is poised to set up the country’s first carbon-trading scheme. The Beijing-based exchange, will work alongside 12 brokerages in western China, and will cost $1.7 million over three years.
BP’s Financial and Safety Problems Continue
Oil giant BP has reported record profits of $22 billion, although its fourth-quarter profits decreased. Hit by lower production, the group’s profits for the final three months of the year fell by 12% to $3.9bn, against $4.4bn a year ago, and almost $7bn in the third quarter. Shares in BP have fallen 7p in early … Read More