So tomorrow is Fossil Fools day – and as it is the start of the G20 meeting in London, there will be lots of protests happening against the current economic meltdown, with people demanding radical action from the G20 leaders. First off will be four simultaneous marches, led by effigies of the four horsemen of … Read More
Financial Crisis
Stern: “High carbon growth kills itself”
Lord Stern, the economist who is now a leading voice on climate change, is interviewed at length in The Guardian today. The paper exaggerates and simplifies Stern’s importance when they say he is “The man in charge of saving the world”. But Stern will be an influential voice in the climate negotiations this year and … Read More
The End of the Road?
It is over fifty years ago when the then Chief Executive of General Motors, Charles Wilson, famously told the Senate in 1953 that “for years I thought that what was good for our country was good for General Motors, and vice versa”. Not any more. It could well be the end of the road for … Read More
Financial Crisis Undermines Climate Change Action
At the end of last week, the head of the UN Climate Change secretariat argued that, instead of sidelining the fight against climate change, the global credit crisis could hasten efforts to create “green growth” industries by revamping the financial system behind them. Yvo de Boer, who heads the Bonn-based UN Climate Change Secretariat, told … Read More
Oil Sands: From Boom to Bust
Banks may be going bust at an unprecedented rate, but the financial crisis could start hitting oil development, no more so in Alberta, where the high oil price is a pre-requisite for profitable investment. This is OilWeek’s gloomy assessment “Plummeting oil prices and the stock market meltdown have raised concern that Alberta´s energy boom may … Read More