BP is not the only one making obscene amounts of money from oil at the moment. The US Department of Energy has forecast that OPEC’s revenues will increase by 10 per cent to a record $522bn this year – this would be the largest in real terms in 25 years.
Chris Finlayson obviously likes a big challenge. Having been running Shell’s highly controversial operations in Nigeria, where the company has repeatedly been cited for environmental pollution and for being complicit in human rights abuses, he has moved to head up Shell’s operations in Russia.
Wimps! Sissies! Cowardly! Un-American! That's what Cheney, Bush and co are, according to Times pundit Thomas Friedman, because they won't embrace alternative energy. He says "green is the new, red, white and blue," meaning that getting off our oil addiction is a "national security imperative" and that energy efficiency and conservation is "the most tough-minded, geostrategic and patriotic thing we can do."
Some two weeks after the UN Montreal talks scraped together an 11th hour deal on climate change there is still a raging debate on whether it was a good deal or not. Environmental groups from Europe were surprising upbeat about Montreal in the immediate aftermath. Friends of the Earth called it an “historic step” forwards that “sent a clear signal that the future lies in cleaner and more sustainable technologies and is good news for people everywhere”.