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An oilman's $7 billion lesson in the economics of climate change
2016-03-12 06:20:00| Climate Ark Climate Change & Global Warming Newsfeed
Washington Post: Marvin Odum, president of Shell Oil, was attending a meeting of the parent company's executive committee in Singapore when word trickled in that an exploration well drilled in Alaska's Chukchi Sea - the crowning step in a multi-year $7 billion quest - was a dry hole. Maybe not bone dry. In a recent interview, Odum wouldn't say. But in the oil business glossary, a dry hole is one that can't pay off commercially, and Shell's hole definitely qualified. The parent company, Royal Dutch Shell, abruptly...
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When it comes to a shift to low-carbon energy, key players need a history lesson
2016-03-04 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Nine months and counting Energy UK, the trade association representing the big six energy suppliers, has in welcome - if belated - fashion come out in favour of a large-scale shift to low-carbon, renewable energy. Their desire to not be left behind might seem rather academic, as they already have been - both by a warming climate and countries whose embrace of renewable energy is far advanced. Their report on pathways to 2030 is littered with the buzzwords for a more sustainable energy system....
Brexit: The Singapore lesson
2016-02-25 00:02:33| BBC News | Business | UK Edition
Lessons from Singapore
The lesson from Packer's Zillow play: US real estate is not easy
2016-02-18 05:19:21| Real Estate - Topix.net
The old adage "safe as houses" is not widely used in the US, and some of Australia's top investors are finding that out the hard way. Overnight, billionaire James Packer cut his stake in US digital real estate business Zillow by half, adding to intrigue surrounding his vast financial empire.
The Lesson from Davos: No Connection to Reality
2016-01-27 19:04:00| Climate Ark Climate Change & Global Warming Newsfeed
Inter Press Service: The rich and the powerful, who meet every year at the World Economic Forum (WEF), were in a gloomy mood this time. Not only because the day they met close to eight trillion dollars has been wiped off global equity markets by a "correction". But because no leader could be in a buoyant mood. German Chancellor Angela Merkel is losing ground because of the way she handled the refugee crisis. French President Francois Hollande is facing decline in the polls that are favoring Marine Le Pen. Spanish...
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