Democracy & Governance

Obama Requests Slightly Higher Aid Levels for 2013

WASHINGTON, Feb 14, 2012 (IPS) – Despite strong pressure to reduce the yawning federal deficit, the administration of U.S. President Barack Obama is asking Congress for a slight increase in funding for the State Department and foreign aid next year.

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Preventing a Blowout in the Arctic

Preventing a Blowout in the Arctic

In September 2011, Vladimir Putin announced a program to begin offshore oil and gas exploration and drilling in the Russian Arctic. Putin is also interested in creating new sea terminals, which he said would rival the Suez and Panama Canals. In 2008, the U.S. Geological Survey (USGS) estimated that 13 percent of the world’s undiscovered oil and 30 percent of the world’s undiscovered gas lay beneath the Arctic Seas. The United States, Canada, Norway, Greenland, and Russia, which make up the Arctic 5, are each interested in tapping these Arctic energy reserves.

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Steer clear of this climate ‘Ponzi scheme’

LAST winter, when carbon prices fell 15% in one week, industry analysts called it “carnage”. Then, in the fortnight before last month’s Durban climate summit, carbon prices fell more than 30%, with front-year European Union (EU) Allowance permits dropping below €8,50 a ton. And they have crashed even further since. 

 

 

 

 

 

 

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