BP’s pipes in Alaska might be leaking like a sieve, but its coffers are nice and healthy. North Slope crude oil closed above $70 a barrel for the first time on Wednesday – on the back of concerns about Iran and tensions in Nigeria. It was only in May 2004 that the price hit $40 … Read More
More bad new for BP: It has admitted the Baku-Ceyhan oil pipeline will cost 30 per cent more than first expected. David Woodward, head of BP Azerbaijan, said yesterday the 1,768 km (1,099 mile) pipeline would cost $3.9bn (£2.18bn) rather than $2.95bn. Although that is bad news – you just wait until the company starts … Read More
Normally those working on environmental or “green issues” complain that it is high on the list of peoples’ priorities but low on those of politicians. When an election comes along issues like climate change sink without a trace.