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News & Updates

July 29, 2014 Roadside Shrubs Could Sink Carbon Pollution

Source: Scientific America

The land alongside the 4 million miles of U.S. public roadways, already being maintained by federal, state, and local governments, could be planted with vegetation that helps transfer carbon from the atmosphere into the soil,...

July 29, 2014 GAO: Fracking Could Threaten Clean Drinking Water

Source: Philly Mag.com

A new report from the Government Accountability Office suggests the federal Environmental Protection Agency has fallen somewhat short in its duties to ensure that that gas production in Pennsylvania — using the “fracking”...

July 29, 2014 BP profits rise, but oil giant warns of Russia sanctions risk

Source: BBC News

BP has warned that further sanctions against Russia could affect its business as it posted a rise in second quarter profits. BP said that sanctions imposed over the Ukraine crisis have not affected the oil giant so far, but could...

July 29, 2014 Gas Prices Continue to Drop After Hitting Four-Month Low

Source: Time

One gallon of regular fuel costs as little as $3.523, on average. After hitting the lowest numbers since March last week, gas prices across the U.S. have continued to drop, AAA announced.

July 28, 2014 Bulls Fleeing Natural Gas as Goldman Sees Further Decline

Source: Bloomberg

Speculators are fleeing natural gas after prices dropped below $4 for the first time since December and power plant production fell to a 13-year seasonal low.

July 28, 2014 Yukos Owners Win $50 Billion in 10-Year Fight With Russia

Source: Bloomberg

Former majority owners of Yukos Oil Co. won a landmark $50 billion ruling against Russia for the confiscation of what was once the nation’s largest oil producer and now face another lengthy legal battle to claim their award.

July 28, 2014 Group bucks new coal-fired plants

m.philstar.com - Climate Specialist and one of the lead authors of the îIntergovernmental Panel on Climate Changeî. Furthermore, the group said the countryâs gross domestic product (GDP) would also suffer. The...

July 28, 2014 Arctic oil well blowout could spread more than 1,000 km: WWF study

Source: Reuters

Oil from a spill or oil well blowout in the Arctic waters of Canada’s Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometers to the west coast of Alaska, a World Wildlife Fund study...

July 28, 2014 Fracking to be allowed in UK national parks in ‘exceptional circumstances’

Source: RT-UK

The UK government will allow fracking in national parks and heritage sites in “exceptional circumstances,” say new guidelines. Around half of the UK is now open to shale gas exploitation, despite growing public concern over the...

July 25, 2014 Brent holds above $107 as supplies outweigh political tensions

Source: Ruters

Brent crude edged higher above $107 a barrel on Friday, on track to end the week flat as plentiful supplies held down any run-up in prices from geopolitical tensions in oil producing regions.

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