Search results

T. Boone to the Rescue…

After a meeting today of the G8 and leading developing countries, the two groups finally said they shared a “joint vision” for action on climate change. But the statement made no mention of any specific target for cutting emissions, and...

India to Invest up to $10 Billion in Tar Sands

As oil creeps towards an unprecedented $150 a barrel the Indian Petroleum and Natural Gas Minister Murli Deora has denied that India and China were responsible for the recent oil rise. Deori said that the growth in consumption in India...

Once an oil man, always an oil man

For a man whose ties to the oil industry are legendary, it came as a surprise that Bush once said that America had to break its oil addiction. Like an ailing addict who has tried but failed to beat his...

BP Blames the “Madness of Men” for Oil Rise

“We’re not running out of hydrocarbons,” insists Tony Hayward, the baby-faced boss of global oil giant BP. To back up this view, he cites various comforting figures from the latest edition of the firm’s “Statistical Review of World Energy”, released...

Less than Half Americans Have Heard of Oil Sands…

A survey by a major PR company, Fleishman-Hillard into how Americans and Canadians reconciled the need for new oil supplies against environmental concerns, has come up with some interesting facts: Despite the furore over oil sands, it found that less...

Saudi Arabia to Call Opec Summit

Saudi Arabia says it will call a summit of oil producers and consumers in an effort to stem the surge in the price of oil. The world's biggest producer said recent rises, including the record $10 leap on Friday, were...

The Second North Sea Oil Boom

Happy Environment Day, story number three. The record oil price could cause a second oil boom in the North Sea. The popular view is that the UK's share of the North Sea is in decline, with energy reserves diminishing rapidly...

A Big Agenda, but Small Hope

Climate change experts from around the world will get their first chance this week to discuss the nuts and bolts of the new global warming agreement designed to take effect after 2012, that was hammered out in Bali last December....

Senator Quizzes Regulator on Speculators

So are speculators pushing the oil price up, and if so by how much? A leading American senator yesterday pressed the top futures market regulator for more information about speculation by big investment funds in crude oil futures. Commodity Futures...

Climate Change Threatens Alpine Resorts

It may not be the ski season, but alpine skiing and snowboarding may be under greater threat from climate change than scientists have previously thought, new research suggests. A study of snowfall spanning 60 years has indicated that the Alps's...