• Governments Waste $550 Billion On Energy Subsidies

    • Date: 06/06/10

    The world economy spends more than $550bn in energy subsidies a year, about 75 per cent more than previously thought, according to the first exhaustive study of the financial assistance devoted to oil, natural gas and coal consumption. The study by the International Energy Agency, the western countries’ oil watchdog, says phasing out subsidies over […]

    Read more
  • The Bursting Of The Green Energy Bubble?

    • Date: 06/06/10

    In late May, the accounting firm Ernst & Young reported that 7 out of 10 major global corporations will spend 0.5% or more of their earnings this year on “fighting” climate change, notably by investing in ways to cut their energy consumption. This trend is despite the massive setback to global effort and corporate governance […]

    Read more
  • Plans for first coal power plant since 1970s

    • Date: 03/06/10

    The plant, at Hunterston in Ayrshire, would use experimental carbon capture storage (CCS) technology, which removes carbon dioxide emissions and stores them underground. The £3 billion proposal is the first of its kind in the UK but faces strong opposition from local people and environmental groups, who argue that it will damage local wildlife.

    Read more


We use cookies to help give you the best experience on our website. By continuing without changing your cookie settings, we assume you agree to this. Please read our privacy policy to find out more.