Archive for April 7th, 2011

Banks come under fire for mountain top removal ties

Business Green: UBS, Citi, and PNC banks are the biggest financiers of mountaintop removal (MTR) mining in the USA's Appalachian mountain region, according to a new report issued this week. Only Credit Suisse came away unscathed in the report, which suggested that the controversial mining practice is incurring an increasing level of regulatory risk. The report, entitled Policy and Practice: 2011 Report Card on Banks and Mountaintop Renewal, was produced by the Rainforest Action Network. It evaluated the stated...

Canada: Could Financial Might Backing Oil Sands Shift to Renewables?

Tyee: Let's picture an oil company CEO sound asleep, Steve Kretzmann tells me. All of a sudden he or she bolts awake with a terrible realization. The environmentalists aren't just a bunch of long-haired crazies, the CEO now realizes. Climate change is killing the planet. He or she storms into the oil company's board room that morning, demanding a radical shift in corporate policy. No more money for oil exploration, the CEO orders, and billions to be redirected for renewables. Soon, the company's stock...

India: Superbug gene rife in Delhi water supply

Guardian: A gene that causes a wide range of bacteria to become resistant to antibiotics has been found in the water supply in Delhi, with worrying implications for the rest of the globe. International travel and medical tourism have already brought the gene, known as NDM-1, to the UK. A team of scientists reported last year that they had found NDM-1 positive bacteria in a small number of patients who had visited India for kidney or bone marrow transplants, dialysis, pregnancy care or burns treatment, while...

Climate Change Spells Doom For Water Bodies

Med India: An alarming rate of degradation of the world’s rivers and wetlands could be on the cards. It is imperative that all water resources are better managed, stress researchers in a special issue of the international scientific journal Marine & Freshwater Research. Rainfall runoff and water availability will be increasingly affected in the next four decades, with the tropics probably getting wetter and dry regions becoming drier. Climate modelling is also predicting increases in the extremes of floods...