Disaster One. New estimates put the amount of oil per day pouring into the Gulf of Mexico at one million gallons a day.
If this is so, BP’s disaster may have spilt more oil than the Exxon Valdez, when at least eleven million gallons poured from the stricken tanker.
Disaster Two. There is another ecological disaster on [...]

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 [...]

Despite announcing profits of $25 billion yesterday, shares in the oil giant fell by over 4% after it reported a 24% drop in quarterly profits for the last quarter of 2008.
Like the other oil majors, the company was hit by the falling oil price. Oil industry analysts said that the company’s profits were “well below” [...]

Just as European leaders are faltering in their efforts to tackle climate change, a new survey of the science by WWF has found that the climate is changing much faster, stronger and sooner than even the IPCC (Intergovernmental Panel on Climate Change) forecast.
According to WWF, research on climate change and its impacts published since the [...]

Far from the financial crisis acting as a spring board for a green revolution, several EU leaders produced a predictable political response yesterday by trying to undermine ambitious CO2 targets.
President Sarkozy of France, who holds the EU presidency, led the way in appealing to all 27 countries to stick to their target to cut [...]