At one point yesterday, Brent crude, the European benchmark grade of oil was topping $108 a barrel—its highest level in 2½ years. Such is the surge in oil prices caused by the Libyan crisis that it could derail the global...
When Canadian Prime Minister Stephen Harper met Barack Obama at the end of last week he asked the American president to support a highly controversial $7-billion pipeline that could double the amount of dirty tar sands that could be exported...
Last night, The President once again proposed ending subsidies to the oil industry. As we've said before, this is a great idea, and should be supported in full. That said, although we haven't seen details, it's quite unlikely that the...
A new report by the energy consultancy, PFC Energy, is arguing that the center of the global energy industry is slowly shifting away from the oil majors. Publicly traded companies in Russia, China and Brazil are taking more of the...
There is a new climate villain on the bloc. No its not a big oil company. But a 39 year old aristocrat banker from Britain. Nathaniel Rothschild, commonly known as "Nat" comes from a dynasty that is built on banking...
For 300 long years Greenland has been part of Denmark. Denmark pumps $620 million into Greenland's anaemic economy every year—more than $11,000 for each Greenlander. But this may be all about to change. In November 2008 its citizens voted overwhelmingly...
Who would be a BP shareholder? Last week the company's shares surged on the fact that the National Commission into the Deepwater disaster had not provided clear evidence of BP’s “gross negligence” into the spill. It could have been construed...
With only a few days to go in the UN climate talks in Cancún, many questions remain on the outcomes, including on one of the most important issues currently on the table – climate finance. Finance in the context of...
In another signal of the legacy of BP’s spill, it has emerged that "Spillcam" was one of the top words of 2010, reflecting the impact the spill had around the globe. Along with words such as "vuvuzela"and Sarah Palin’s “Refudiate"...
Sometime you just cannot make sense of the madness. In its desire to rid itself of the ravages of foreign oil addiction, the US is subsidizing domestic ethanol production. The success of this programme means that nearly four out of...
