George W. Bush, who proclaimed America’s “oil addiction,” in his January State of the Union address, exhibited a classic symptom of addiction Tuesday: denial. As the price of a gallon of gas heads for (and beyond) three dollars, Mr. Bush proposed a truly meaningless agenda, asking oil companies to invest some of their outrageous profits … Read More
Oil
When in Doubt…Blame the Greens and Feed Big Oil!
There are apparently three things we can be sure of in life: death, taxes, and that when the oil industry gets in trouble, environmentalists will get blamed and more money will be thrown at Big Oil.
Twenty Years on From Chernobyl the Answer is Blowing in the Wind
Twenty years after Chernobyl the nuclear industry is enjoying a renaissance it could only have dreamed of a few years ago. The twin issues of climate change and energy security have driven it up the political agenda both in Europe and in the US.
BP: Fear and Speculators Driving Up Oil Price
BP’s CEO, John Browne, has warned that fear was driving the price of crude to artificially high levels, with “untold consequences” for the global economy. He argued that turbulence in Iran, Iraq and Nigeria was leading to continual speculation about oil shortages and there were “all sorts of things that suggest it is getting worse”.
World Bank to Promote Clean Energy
The World Bank has unveiled a new project to promote the use of clean energy in developing countries, where it argues that up to 40 billion dollars a year is needed to cover the costs of adapting to projected climate change.
BP and Exxon In Top Ten Worst Companies
BP and Exxon both make top ten worst companies in 2005, according to Multinational Monitor.
Monbiot: Why Fossil Fuels Are Best
Celebrated UK green activist and Guardian columnist, George Monbiot, today argues that “This is embarrassing, but I’ve become a fossil fuel supporter”. He argues: “I find myself at odds with almost everyone, by deciding, at the worst possible moment, that in one respect at least our battle against climate change depends on neither nuclear power … Read More
Shell urged to Stop $20bn Sakhalin Pipeline
With the melting of the ice after eight months, the Anglo-Dutch oil giant is set to enter a crucial offshore construction phase in the development of its $20bn [£11.2bn] oil and gas programme. Wildlife campaigners say the price of the pipeline could be the extinction of a species of whale. Campaigners, including WWF, are demanding … Read More
Renewable Energy Still Struggling
Renewable energy sill only accounts for 14 percent of the energy consumed in the world today, according to new figures from the International Energy Agency (IEA). This compares to six percent for nuclear power and a massive 80 percent for fossil fuels.
Are Oil Companies Price Gouging?
As crude-oil prices hit record highs, US congressional leaders are planning to ask President Bush to order an investigation into possible price gouging by oil companies.