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United Kingdom: Agriculture market stoking 5trn asset bubble, study warns

2013-08-09 11:03:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Investors are facing fresh calls to build up the resilience of their agricultural portfolios, after a major new report showed $8trn (5.2trn) worth of farming assets could become uninsurable owing to environmental risks linked to climate change. The report, released today by the University of Oxford's Smith School of Enterprise and the Environment, aims to show the scale of the asset bubble faced by the agricultural sector, which could leave huge levels of capital exposed to the physical and economic...

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United Kingdom: There's no room for wind farms but plenty for fracking, says PM

2013-08-08 23:48:00| Climate Ark Climate Change & Global Warming Newsfeed

Telegraph: In comments that will delight rural communities opposed to wind farms, the Prime Minister said that "there is a limited potential for onshore wind' in the UK. Mr Cameron instead said that he wants the UK to focus on shale gas exploration, nuclear power and offshore wind. With anti-fracking protests continuing in parts of the countryside, the Prime Minister said he wanted to "dispel myths' about the controversial technique and said that there is "no question of having earthquakes and fire coming...

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United Kingdom: Fracking Boss Faces Growing Tremors of Resistance from Public, Press and Tories

2013-08-08 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: He knew it would be a tough job when he took it on last year, but Francis Egan, chief executive of fracking firm Cuadrilla Resources, could not have imagined the role would bring with it death threats and reporters turning up at his house trying to "frack" his garden. Environmentalists have been campaigning against fracking for years, but Egan's attempt to drill in the pretty West Sussex village of Balcombe has turned hydraulic fracturing (to give it is proper name) into a highly emotive subject...

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United Kingdom: Fracking row splits apart the Coalition...

2013-08-04 19:09:00| Climate Ark Climate Change & Global Warming Newsfeed

Daily Mail: Fracking has driven a rift through the Coalition as the minister in charge of it described Middle England shaking with the sound of drills. Energy Minister Michael Fallon said at a private meeting that the controversial drive for shale gas could soon extend across a vast swathe of the South. But in the first major attack on fracking by a senior member of the Coalition, Liberal Democrat president Tim Farron predicted opposition would grow stronger than the campaign against wind farms. Local...

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United Kingdom: Gas flares scare? It was a fracking joke says Tory minster as he tries to laugh off drill gaffe

2013-08-04 18:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Mirror: Bungling Michael Fallon yesterday desperately back-pedalled after seeming to admit fracking will blight peaceful communities claiming that his comments were meant as a joke. The Energy Minister, who backs ­controversial plans to drill for shale gas, had presented a gloomy vision of gas flares and disruption across the South East commuter belt. He suggested even the most vocal supporters would be tested if it came to their own back yards. Telling how a shale bed with potentially massive...

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