Fat Profits, But Big Oil is Shrinking

February 1, 2008By Andy RowellBlog Post 1 Comment

Over the next few days more oil companies will announce obscene profits. But as the headlines are taken by calls for a windfall tax, the real story is one that has been brewing for some time. Big Oil can’t find enough oil. Yesterday, despite making £93m a day, Shell did not impressed the markets. The … Read More

Climate Change Could Devastate Crops

February 1, 2008By Andy RowellBlog Post

Climate change could cause severe crop losses in South Asia and southern Africa over the next twenty years, a study in the journal Science says. The findings suggest southern Africa could lose more than 30% of its main crop, maize, by 2030. In South Asia losses of many regional staples, such as rice, millet and … Read More

Suit Seeks to Block Alaskan Oil Search

February 1, 2008By Andy RowellBlog Post

A coalition of environmental organizations and Inupiaq native groups filed suit in a US federal court in Anchorage yesterday to force the Interior Department to do a new analysis of the environmental consequences of oil and gas exploration in the Chukchi Sea, off northwestern Alaska. The groups hope to stop plans to develop 29 million … Read More