Biotech BP
BP has announced that it is planning to spend $500 million to set up a biofuels research centre that will be attached to a major US or UK university. BP says the centre – which will be called the BP...
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2026
2026
Gore: US Still In Denial on Climate
Al Gore, in London for a meeting with British Chancellor Gordon Brown, said that President Clinton's failure to get Kyoto ratified was due mainly to the fact that many people in the US were then, and to a certain extent...
BP Blames Chavez for Production Shortfall
BP’s woes continue. Hurricanes, explosions, spills, price-fixing and now a production short-fall. BP admitted yesterday that it produced less oil in the past three months than many analysts had predicted, leading some suggesting it could miss its crucial production targets...
Lukoil Seeks $12 Billion of Assets in Europe
Lukoil, Russia's largest oil company, is slowly buying up influence in Europe according to an article in the Financial Times. Whilst, its rival, Gazprom has often stirred controversy through headline-making projects, Lukoil is quietly concentrating on countries in south-east Europe...
Shell Faces New Accounting Crisis
The oil giant Shell faces a new accounting crisis as the ramifications become clear of its December renegotiation with the Russian authorities over its stake in the Sakhalin 2 joint venture. The company may be forced to cut oil and...
IPCC: Climate Change Worse than Previously Thought
Blair may be saying that a deal on climate could be in the pipeline, but every day our politicians dither, the science gets stronger. No more so than the latest report from 2000 of the world’s leading climate scientists, who...
Bush Administration Accused of Doctoring Climate Reports
Poor old George. One week he tries to paint himself green, and manages to mention climate change for the first time in his State of the Union address. The next week, his administration is accused of systemic tampering with the...
Meanwhile, on the Hill…
Reporting back from Senator Boxer’s first hearing as chair of the Senate Environment and Public Works Committee, which included in-person or written statements (all of which will be made publicly available by the Committee) from approximately a third of the...
BP’s Financial and Safety Problems Continue
Oil giant BP has reported record profits of $22 billion, although its fourth-quarter profits decreased. Hit by lower production, the group's profits for the final three months of the year fell by 12% to $3.9bn, against $4.4bn a year ago,...
Shell Plans “Aggressive” Drilling Programme in Arctic
Shell is gearing up for an "aggressive" 2007 offshore exploration programme in the Alaskan Beaufort Sea, with plans to operate two drilling vessels and drill three wells. "We like Alaska. It's part of the United States. We have a lot...