A new financial crisis is threatening to dwarf the 'subprime' mortgage debacle, writes Paul Mobbs. Cheap money from central banks has fuelled some $1.3 trillion of risky investments in high-cost 'unconventional' oil and gas. Now, with oil sinking below $60, all that paper is turning to junk - and that's putting the entire economic system at risk.
With sub-$60 oil, fracking and tar sands losses threaten the whole financial system Paul Mobbs | 17th December 2014 News Finance Oil Gas Fossil Fuels Economics fracking-burns-cut.jpg A new financial …
After over a century of coal ash and colliery waste dumping, the Tyne and Wear coastline is no stranger to industrial pollution. But soon a horrific new technology - underground coal gasification (UCG) - will endanger human health and the environment, backed by unflinching Government support and generous lashings of taxpayers' money.
'Underground coal gasification' hell-fires threaten Tyneside and the North Sea Paul Mobbs | 3rd April 2015 News Oceans Energy Gas Fracking Fossil Fuels UK Finance Mining seaham-pier-cut.jpg After …