Mexico's oil looks set to run out within a decade, writes Jeremy Leggett, and it can hardly rely on Trump's America to make up the difference. But Mexico enjoys abundant sunshine, and the cost of solar power generation is falling fast. Let Trump tie America's economy to debt-financed fossil fuels. Mexico's future prosperity will come from harnessing its inexhaustible solar riches.
… Mexico's expiring oil and Trump's wall: the future is solar Jeremy Leggett | … An example: Mexico could build its own wall, made of solar panels. Such a wall, 6 metres high along the full length of …
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.
… being taken seriously by the money-lenders of Wall Street. John Maynard Keynes was one of … fossil fuels During the early 2000s a lot of Wall Street's 'funny money', based around …
Mission accomplished in Iraq? It is now, writes Mike Whitney. A million deaths on, a once peaceful, independent country has been transformed into a petro-economy of never ending civil chaos and terror, where multinational oil corporations rule supreme.
… rolling in dough. Here's the story from the Wall Street Journal : "Iraq's oil production … in America. People talk about the power of Wall Street and Israel, but oil is still king. …
Isolated by the surrounding desert, Kashgar was once
an oasis on the old Silk Road. Now the city is being overwhelmed in the rush to open up the region’s oil and gas reserves. By Dan Box.
… bleached white sand against the station walls. Sitting opposite, an Uyghur girl … now live in the shells of houses with walls torn open by the road. Where the narrow …
Increased production from US fracking operations is a major reason for the drop in oil prices, writes Kieran Cooke. But there are warnings that the industry now faces an existential crisis from which it may never recover, as the financial sector faces the prospect of worthless shares and $100s of billions of defaulted debt.
… raised mainly through bonds issued on Wall Street and in the City of London. In … raised mainly through bonds issued on Wall Street and in the City of London. …
ExxonMobil has long known that climate change is real and dangerous, write Louise Rouse & Naomi Ages, while denying it in public and supporting climate change deniers. Now they accuse their critics of 'chilling' climate science and the search for solutions. The truth is the precise opposite.
… that has put Exxon's back firmly to the wall. Following fast on the news that the US …
UK politicians and officials are studiously ignoring the growing evidence that fracking is an economic and environmental disaster, writes Paul Mobbs. As the circle of 'acceptable' view spins ever smaller, industry PR is dominating a phoney debate that's increasingly remote from reality, public opinion and core democratic principles.
… boom' in the USA was fuelled by speculative Wall Street finance. When that bubble burst in …
A deal to give up 500,000 acres of public lands in Utah to the tar sands industry in return for 1.5 million acres of industry is a sacrifice too far, writes Alexander Reid Ross, as it disclaims the wider costs of massive water use and contamination in the headwaters of the Colorado River, already seriously stressed by drought.
… shy about discussing the impacts of what the Wall Street Journal is calling 'the Grand …
The high oil prices that turned North Dakota into a boom state have turned, writes Joshua Frank. Now high-cost oil and gas are in the doldrums everywhere, production is falling - and even if prices do pick up one day, risk aversion and the relentless advance of renewables will leave lakes of oil and caverns of gas underground where they belong. Folks, the oil party really is over!
… flowing in. It was all by design of course - Wall Street's design, writes Rogers: "Wall Street promoted the shale gas drilling …
The UK has just opened a bidding round for fracking licences. But the rules contain only weak protections against fracking in National Parks and AONBs - and none at all for even the most important wildlife sites and drinking water aquifers.
… Devon coast, Blenheim palace and Hadrian's Wall), even where "a proposed development for …
California has responded to the drought by rationing water, with $500 fines for domestic 'water wasters', writes Evan Blake. But agribusiness and water-intensive industries like fracking remain untouched by the restrictions, even though they consume over 90% of the state's water.
… largest growers of citrus and pistachios. Wall Street's slice of the agribusiness pie …
Officials can sternly lecture the City on its excesses as much as they like: when it comes to actually regulating it, politicians just don't care. And don't want us to know...
… suit. He loved business. Once, taking a glass-walled lift together in Commerzbank he pointed …
Oil giant BP is the UK's single biggest EU lobbyist, spending over £2 million reaching out to European policy makers in 2014, new figures show. But citing hard times, the company has dropped its controversial sponsorship of the London's Tate Galleries - and more such branding deals may bite the dust.
… caused by BP projected onto the museum's walls. "BP's sponsorship of the Science Museum …
Are recent oil prices slumps caused by OPEC ganging up against tar sand and other high-cost producers? Or a sinister conspiracy to destabilise the Russian economy? Far from it, argue Jemma Green, Mark Andrich and Peter Newman - it's the simple result of an excess of supply over demand. And the low prices will be with us for some time to come.
… the world as commuter speeds have hit the wall due to higher populations and workers …
Ka Hsaw Wa has seen many of his friends killed and has suffered torture at the hands of the Burmese military. Now he is taking Unocal, one of the US companies that trades with the murderous regime, to court. One of the most wanted men in Burma, talks to The Ecologist.
… to Burmese refugees in Thailand. Each day the walls of her classroom would shake, her …
The oil industry and oil producers have a long history of market manipulation, writes Karl Grossman, and we see it going on right now with the low oil price that's squeezing fracking and getting America back onto gas-guzzling SUV's. But longer term, solar power is going to win out, and even Saudi Arabia knows it. Its game? To make out big, while the going's good.
… to the frackers. "But oil producers, Wall Street analysts, and most industry …
Filmmaker Lars Johansson talks to the Ecologist about the making of the film 'Poison Fire' and the curse of oil in the Niger Delta.
… next day - a luxurious house surrounded by a wall with electric fence, surveillance cameras … and all the way to The Hague. But Shell stonewalled us. The commissioner for environment in …
The discovery of oil in Uganda was a blessing to the impoverished East African country. But before the oil has even started pumping, disputes over tax, accusations of corruption and fears for the environment plague the sector. Alice Klein reports from Hoima
… destruction of the oceans, says Anthony Wall NEWS ANALYSIS Co-operative, M&S and …
The community of Machynlleth has gone beyond just investing in someone else’s wind turbine. They’ve clubbed together and planned, built and paid for one of their own.
… around. Leaning against one of its light blue walls are a pair of pinboards covered with …