The LA Times is running a great series on the underbelly on the Bill and Melinda Gates Foundation by looking at the Foundation’s investment portfolio. “In a contradiction between its grants and its endowment holdings”, the Times investigation found that “the foundation reaps vast financial gains every year from investments that contravene its good works”.
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Democrats Target Energy
So a new era of politics has dawned in Washington as yesterday we witnessed history in the making. Nancy Pelosi became the first female speaker of the House and Democrats took control of Congress for the first time in a dozen years. “This is an historic moment,” Pelosi said. “It’s an historic moment for the … Read More
Ryanair: The Irresponsible Face of Capitalism
The British government has launched an outspoken attack on major airlines for refusing to take climate change seriously, targeting Ryanair “the irresponsible face of capitalism” and describing the attitude of major American airlines “a disgrace”.
To Drive or Eat, That is the Question
A new study has found that ethanol plants could use as much as half of America’s corn crop next year, renewing concerns about whether there will be enough corn to support the demand for both fuel and food.
Belarus Criticises Russia Over Gas Price Rise
Alexander Lukashenko, the Belarusian President, has criticized Russia over it recent gas price increases, calling them “shameless.” In retaliation, he is threatening to charge Moscow for transiting oil across his country. “If those in Russia, choking on this influx of petrodollars and other sources of hard currency, are still willing to make a scapegoat of … Read More
China Worries About Climate Change
A report by six government departments in China has warned that climate change would harm the country’s economy and environment in the coming decades, with potentially devastating cuts in agricultural output.
UCS Attacks Exxon For Misleading Public Over Climate
The Union of Concerned Scientists has become the latest in a long line of organizations to criticize Exxon Mobil for spending millions of dollars to manipulate public opinion over climate change. Drawing parallels with the tactics of the tobacco industry, the UCS’s report is called “Smoke, Mirrors & Hot Air: How ExxonMobil Uses Big Tobacco’s … Read More
Congressional Committee to Examine Iranian Gas Deal
A US congressional committee is to look at a gasfield development deal between the China National Offshore Oil Corp (CNOOC) and Iran to determine if US sanctions are called for against the Chinese company, Congressman Tom Lantos has said. Iran and CNOOC signed a preliminary 16 billion US deal to develop a giant natural gas … Read More
Norway to Offset Flight Emissions
Norway, which is the world’s third largest oil exporter, has announced plans to offset the greenhouse gases produced by public employees when they fly abroad by buying emissions credits. The move was announced by Norway’s prime minister Jens Stoltenberg. “The government has decided that when state employees travel by plane abroad, we will buy quotas … Read More
Indian PM Asks for Alternative Energy
Indian Prime Minister Manmohan Singh has called for his country’s scientists and engineers to develop alternative energy sources. Addressing the Indian Science Congress he said “India must find alternative sources of energy supply. We will need bio-fuel, solar energy, photo voltaic, nuclear and almost all sources, which do not burden the conventional sources of energy … Read More