The Green Village News Tagged ‘oil’

BP Oil Leak Stopped With ‘Top Kill’ Method

Thursday, May 27th, 2010

Five weeks into the oil leak caused by an explosion at a BP oil rig in the Gulf of Mexico, and a number of unsuccessful attempts at plugging the holes in the pipework later, BP’s latest solution, ‘top kill’, has managed to stop the flow of oil and natural gas.

Although the mission has not yet been declared an official success, the signs are positive that this could be the solution BP has been praying for since the rig and pipework began leaking thousands of barrels of oil every day, all heading towards the coastline causing damage to eco-systems and wildlife in what is being called Barack Obama’s Hurricane Katrina.

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Micro-Hybrid Technology Could Stop-Start An Eco-Car Revolution

Friday, December 11th, 2009

Micro-hybrid eco carsEven the most environmentally minded among us often have to frequently rely on four wheel car transportation to get us from A to B so finding a low carbon emitting car, whether it’s a family car or a commuter vehicle, is important. Stop-start technology, which is also known as micro-hybrid technology, is tipped to become a standard component in vehicles and would be responsible for considerable carbon emission reductions.

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Green Groups Set To Take RBS And The Treasury To Court Over Unethical Investments

Tuesday, October 20th, 2009

RBS carbon investmentsIn potentially the first case of it’s kind, RBS and the Treasury could face court action for investing in carbon-intensive industries including coal, oil and gas as well as environmentally destuctive mining.

The environmental groups involved in bringing about the hearing today include People and Planet, the World Development Movement and Platform. The conclusion of the hearing could lead to green groups having a case with which to sue the bank and the Treasury.

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Saudi Arabian Oil Leader Says Renewable Energy Cannot Win Out Over Oil

Sunday, June 21st, 2009

extracting oilFormer President and Chief Executive Officer of Saudi Arabian Oil Company, Saudi Aramco, Mr Abdallah S. Jum’ah was the speaker at a Royal Academy of Engineering lecture and dinner on 17th June, which set out to discuss the issue of technology being the key to the sustainability of future energy generation.

In his address, Mr Jum’ah expressed his belief that fossil fuels will never be replaced by renewable energy, as there is still a plentiful supply of oil available for future generations to use; some of this however would be from unconventional sources such as tar sands, such as those in Canada. He argued that renewable energy sources used today, such as wind, solar and geothermal energy, contribute less than 1% to the energy we use, going on to say that he believed without considerable investment such as government subsidies to enable companies to improve efficiency, their market share would not increase.

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Florida Can’t Afford To Dismiss Drilling For Oil: Dean Cannon

Sunday, May 24th, 2009

Dean Cannon, state representative for Florida and set to take up the position of speaker in the House of Representatives in 2010, is arguing strongly for Florida to take advantage of oil and gas reserves off the coast of Florida, despite residents’ concerns about the potential environmental impact this could have for the states’ beaches.

Cannon cites a number of points that have been made against drilling, including concerns based on problems other states funded by oil extraction such as Texas have seen, including tarballs washing up on the state’s beaches. He advises that most tarballs are the result of oil escaping from the sea bed that has occurred for thousands of years and that this should therefore not be a concern for Floridians. (more…)

Has BP Moved Beyond Green?

Friday, May 15th, 2009

BPFollowing the decision to make safety a number one priority, oil company BP are the subject of much speculation about whether this means the end of their investment in green technology and renewables.

Since the new CEO, Tony Hayward took up his position in 2007, replacing Lord Browne who had been responsible for launching BP on the route to being a greener oil company, BP has received its fair share of criticism despite its investment in renewables. But when actions such as cutting investment in solar power, continuing to exploit tar sands; one of the planet’s biggest carbon sinks, and the plans they announced in 2008 that funding for monitoring of mangroves situated next to a gas extraction plant would be scrapped make up the track record, the criticism is pretty well deserved.

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Shell Shock As Leading Oil Company Gives Up On The Environment

Thursday, March 19th, 2009

A recent press release published by Shell stated that renewables would no longer receive investment from the oil giant and that, instead, the company would focus solely on oil, gas and bio-fuels. The press release went on to say that renewables could not compete with other opportunities in their portfolio.

Shell could be shooting itself in the foot by not investing in renewables for the future of energy production. It is well known that Esso tried to keep climate change low on the government agenda, but some of Shell’s other competitors, such as BP are investing more aggressively in the renewables market, helping to secure the future of the world’s energy.

Between 1996-2006, Shell is said to have invested $1.25 billion into renewable energy schemes, much of which was wind power. To see that figure drop to zero is a huge blow to the future of energy. As Shell will no longer be spending this money in the wind, solar and hydro-electric sectors, the company will likely be focusing on Canadian tar sands as a source of future oil. This would be a devastating blow for the environment as it is one of the most polluting forms of fossil fuel and requires huge amounts of energy to extract and purify.

It seems that for all Shell has done to try and convince the public that they are not just an oil company but an ‘energy’ company, the money is much more important to them.