Building a world of
resilient communities.

MAIN LIST

 

ODAC Newsletter - 3 Apr

Welcome to the ODAC Newsletter, a weekly roundup from the Oil Depletion Analysis Centre, the UK registered charity dedicated to raising awareness of peak oil.

Oil prices and stock markets surged on Thursday after the G20 conference in London agreed what Gordon Brown claimed was a $1.1 trillion package to save the world economy, including a trebling of funds for the IMF and plans to crack down on the financial sector. But crude failed to regain the 2009-high of over $54 established last week, and in the real economy the latest data continued to reflect the depth of the recession, and its impact on both OECD and OPEC investment in oil projects.

Gordon Brown hailed Thursday’s summit as “The day the world came together to fight back against the global recession”, but what he failed to achieve was any agreement on further fiscal stimulus. Nor was there any commitment on climate or energy infrastructure, despite the efforts of prominent scientists ahead of the gathering.

Consideration of the environment was put off until another meeting in July, but don’t hold your breath: of the fiscal stimulus budgets already implemented, only a tiny fraction has been earmarked for the much touted ‘green economy’ – the New Economics Foundation calculates in the case of Britain, it is just 0.6% of the £20 billion recovery plan. It’s clear where most politicians’ priorities lie.

Oil
Crude Oil Rises as G-20 Agrees on Measures to Fight Recession
Non-OPEC oil supply to fall further, faster
Opec stares into the abyss
OPEC oil output above target for March
Iraq qualifies nine firms for 2nd oil bid round

Gas
Russian March gas output collapses, oil rises
Russia warns on Ukraine credits during gas row

Coal
Stern: 'Kingsnorth should be shelved'
Berlin agrees carbon capture rules
Solution to the carbon problem could be under the ground

Nuclear
Tories attack plans to sell off UKAEA's clean-up business

Renewables
Statoil seals £1bn deal for windfarm off Norfolk
Renewables desperate to feel breath of funds

Climate
Leaders to meet in summer for special climate change talks
Economy vs. Environment
Carbon blanket will soon be spread to cover emissions from mainstream industry

Geopolitics
Russia plans military force to patrol Arctic as 'cold rush' intensifies

Economy
G20 summit: Gordon Brown announces 'new world order'
Climate change experts call on G20 members to commit to action
Green spending in UK economic rescue package 'negligible'
World Bank warns of social discontent in Russia
Call for urgent Ukraine reform

Editorial Notes: Text & commentary at original

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


Will Climate Chaos Reign in the Anthropocene?

“Far from being self-stabilizing, the Earth’s climate system is …

The Mystery of the Missing Carbon

It’s a whodunit with huge consequences for life on Earth.

Defra Reports Reveals Extent of Impacts on People Living near Fracking Wells

People that live near fracking sites could be affected by health problems …

Supreme Court Rejects Argument to Dismiss Landmark Fracking Case

The Supreme Court of Canada has rejected a motion by the country's most …

The Limits to Growth and Greece: Systemic or Financial collapse?

But, could it be that all the financial circus that we are seeing dancing in …

Earthcare, Literally Speaking

Humans often “speak to” nature, as when we assume a dominant …

The gift of clear mind: Laudato Si'

We cannot begin to say how refreshing it is to see Pope Francis face the …