Archive for August 23rd, 2010

Putin ponders climate change in Arctic Russia

Reuters: Russian Prime Minister Vladimir Putin traveled beyond the Arctic Circle on Monday to look into evidence for climate change after a record heatwave ravaged central Russia this summer. Putin, who has in the past displayed a light-hearted approach to global warming by joking Russians would have to buy fewer fur coats, flew to a scientific research station in the Samoilovsky island at the delta of Siberia's Lena River. "The climate is changing. This year we have come to understand ...

Guyana: High prices triggering new gold rush

Stabroeck News: Continually rising gold prices coupled with a highly successful 2009 for the industry appears to have triggered a fresh wave of investment interest in the sector by coastal businessmen who have traditionally paid little if any attention to the gold-mining industry; and according to Executive Secretary of the Guyana Gold and Diamond Miners Association (GGDMA) Edward Shields Guyana's latest 'gold rush' could add to the already existing challenges facing the industry. "It would surprise ...

Russian Wildfires Retreat, but Economic Drivers Remain

Variety: The wildfires that choked Moscow over the past two months were fueled primarily by peat bogs that were drained to make way for farms and houses. Peatlands around the world could accelerate climate change by unleashing more carbon dioxide than any single industrial sector. Ecosystem Marketplace examines the role that carbon offsets can play in heading off the disaster. Cool winds and rain have dampened the wildfires that filled Moscow with smog and filled our newspapers with images ...

Compensation czar takes charge of $20 billion BP fund

Reuters: A $20 billion compensation fund for economic victims of the BP Gulf oil spill opens for business on Monday amid accusations that the rules established by its administrator are unfair. Kenneth Feinberg who will run the fund said those who sustained financial loss because of the spill could claim for damages and he promised claimants more generous treatment than they would get if they sued the energy giant for damages. "The goal here is to try and explain to eligible claimants: ...

United States: Indian Point Nuclear Plant’s Toll on River Stirs Debate

NYT: Just beneath the wind-stippled surface of the Hudson River here, huge pipes suck enough water into the Indian Point nuclear plant every second to fill three Olympic swimming pools. And each second they take in dozens of organisms – fish and crabs, but mostly larvae – that are at the center of a $1.1 billion debate: should the plant have to put in cooling towers that would vastly reduce the intake of water? Yes, says New York State, which puts the annual death toll at nearly a ...