Turning Tar into Oil: An Economic and Environmental Disaster Looms

The invasion of Iraq has set off what could be the largest oil boom in history. All the signs are there: multinationals free to gobble up national firms at will, ship unlimited profits home, enjoy leisurely “tax holidays” and pay a laughable 1 percent in royalties to the government. This isn’t the boom in Iraq […]

Despite critics, Exxon still betting on oil

Exxon Mobil Corp. on Wednesday reiterated its position that creating far-reaching policies to reduce harmful greenhouse gas emissions is important but premature, even as some shareholders lambasted the oil giant for what they said was an irresponsible and even dangerous environmental stance.Record profits aside, the world’s largest publicly traded oil company was criticized by a […]

Humanity must recognise our entire way of life is chronically short-termist

When it comes to cutting carbon emissions, our politics, our society and our economy are not fit for purpose. Any proposal that might help cut carbon emissions – road-pricing, say, or waste recycling – meets strong opposition from vociferous lobbies. Even phasing out high-energy lightbulbs is resisted on the grounds that the equivalent low-energy ones […]

Ryanair: climate campaigners hitting sales

Ryanair admitted today that the onslaught from environmental campaigners against low-cost flying is affecting sales. Howard Millar, Ryanair deputy chief executive, said he was “concerned” about the negative publicity gathering around the airline sector and admitted demand for flights was being impacted “at the edges”.Guardian

Carbon labels to help shoppers save planet

Shoppers will be able to tell how much damage their purchases do to the environment, under a government plan unveiled yesterday. Products will display labels showing the greenhouse gas emissions created by their production, transport and eventual disposal, similar to the calorie or salt content figures on food packaging. Consumers have little way of judging […]

Expansion of airport would be an ‘economic catastrophe’

Allowing Stansted airport to expand to accommodate 10 million extra passengers a year would be an “economic catastrophe” that would contribute significantly to global warming, a public inquiry was warned yesterday. The expansion would cost the UK money as tourists spent Thomas Hill, QC, representing the council, said that there were 3,700 listed buildings and […]

« Previous Page

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy