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Fossil fuel divestment alone will not halt climate change: Gates

2015-06-26 23:07:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Fossil fuel divestment would be ineffective on its own as a means of halting global warming, software billionaire and philanthropist Bill Gates said Friday. Pulling money out of carbon-heavy industry must be coupled with large spending on alternative technologies to make any difference, said the Microsoft mogul who is under fire for his charitable Bill and Melinda Gates Foundation's reported $1.4-billion (1.3-billion-euro) investment in carbon-spewing companies like BP. The Financial Times reported...

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Venezuela demands Guyana to halt Exxon Mobils offshore oil exploration

2015-06-12 01:00:00| Offshore Technology

Venezuela has demanded that Guyana stop offshore oil exploration being carried out by US-based Exxon Mobil near the disputed Essequibo river.

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Venezuela demands Guyana halt 'imperial' oil exploration

2015-06-10 05:07:40| Chemicals - Topix.net

Venezuela on Tuesday demanded that neighboring Guyana halt oil exploration being carried out by Exxon Mobil Corp in disputed offshore territory in an escalation of a long-running border dispute between the two South American nations. Exxon last month said it found oil off Guyana's coast, spurring complaints from Caracas that Guyana is unfairly exploiting a disputed territory that must be negotiated through a mechanism created via a 1966 treaty signed in Geneva.

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Venezuela demands Guyana halt 'imperial' oil exploration

2015-06-10 04:42:58| Oil & Gas - Topix.net

Venezuela on Tuesday demanded that neighboring Guyana halt oil exploration being carried out by Exxon Mobil Corp in disputed offshore territory in an escalation of a long-running border dispute between the two South American nations. Exxon last month said it found oil off Guyana's coast, spurring complaints from Caracas that Guyana is unfairly exploiting a disputed territory that must be negotiated through a mechanism created via a 1966 treaty signed in Geneva.

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California lawmakers move to halt offshore drilling after spill

2015-06-09 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Fox: California lawmakers are moving to halt offshore oil drilling on the heels of a major spill last month, amid Republican concerns the push could hurt jobs. The state Senate last week approved a bill, sponsored by Democratic state Sen. Mike McGuire, that would ban any new oil drilling in state waters off the California coast. In May, California experienced its largest oil spill in 25 years. According to McGuires office, more than 100,000 gallons of oil from offshore platforms spilled from a ruptured...

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