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The Oil Giants Are Starting To Slash Costs

2014-12-08 20:49:02| Oil & Gas - Topix.net

On Monday, ConocoPhillips announced its capital expenditures plan for 2015, and the company expects to spend 20% less next year than it will this year. The reduction in capital relative to 2014 primarily reflects lower spending on major projects, several of which are nearing completion, as well as the deferral of spending on North American unconventional plays."

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Climate adaptation costs soaring: UNEP report

2014-12-06 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Times of India: At the time when developing countries including India are pitching to have a global climate deal with "adaptation" goal as its key component, a UN body on Friday dropped a bombshell for rich nations, saying the cost of adapting to climate change is likely to reach up to $210-300 billion per year by 2050 even if the global greenhouse gas emissions are cut to keep the temperature rise below 2 degree Celsius this century. This concern is expressed by the United Nations Environment Programme (UNEP)...

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Climate adaptation costs soaring, funding to fall short - UN

2014-12-06 01:57:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The cost of adapting to climate change in developing nations is likely to be two to three times higher than previous estimates, even if planet-warming emissions are cut enough to limit global temperature rise to 2 degrees Celsius, a U.N. report said on Friday. The study said there was a chance that adaptation costs could climb as high as $150 billion a year by 2025 to 2030, and $250-500 billion per year by 2050, compared with earlier estimates of $70-100 billion yearly by 2050. "As world leaders...

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Costs adapting impacts climate change much more previous estimates: UN report

2014-12-05 21:49:00| Climate Ark Climate Change & Global Warming Newsfeed

Indian Express: Reinforcing the enormity of the challenge in dealing with climate change, a new UN report has said that even if greenhouse gas emissions were cut in the most optimistic manner from now on, the costs of adapting to the impacts of climate change would be at least two to three times more than previous estimates of just a few months earlier. In a first-ever Adaptation Gap report, the UN Environment Programme has said that current projections of an annual requirement of $70 to $100 billion in adaptation...

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UN: Climate Change Costs to Poor Underestimated

2014-12-05 19:49:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: The cost to poor countries of adjusting to ever-hotter temperatures will be two or even three times higher than previously thought, the U.N.'s environment agency said Friday ? and that assumes a best-case scenario in which greenhouse gas emissions are dramatically reduced. "If you don't cut emissions, we're just going to have to ask for more money because the damage is going to be worse," Ronald Jumeau of the Seychelles said at U.N. climate talks. The report was bound to sharpen disputes in Lima...

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