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Fall in number of oil rigs drilling in US speeds up

Financial Times: The decline in the number of rigs drilling for oil in the US accelerated sharply this week, as companies adjusted to the latest slump in the price of crude. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/48d9ee2a-cc52-11e5-a8ef-ea66e967dd44.html#ixzz3zR2NnGQM Baker...

Rallying cry in Paris to avoid environmental catastrophe

Financial Times: Among the thousands of delegates heading to Paris to finalise a new global climate change accord, there will be hundreds of business executives from almost every type of industry. There is a simple reason. In theory, the outcome of the two-week UN talks in Paris that start on November 30 could affect the way companies fuel cars, heat buildings, power factories and make steel and cement. That is because the main objective of the talks is an agreement among the world’s governments to collectively...

Climate change blamed as thousands die in Indian heat

Financial Times: High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/d66381fc-05dd-11e5-b676-00144feabdc0.html#ixzz3bheclh6l For the wealthy of India, the annual heatwave before the monsoon is inconvenient, especially when water stored in black tanks on the roof becomes too hot to use for a...

Estimates put Arctic ice melting by 2050

Financial Times: The Arctic’s summer sea ice is set to nearly vanish in less than 40 years, according to the final draft of a sweeping UN climate change report that sharply revises past estimates of how fast the icy north is melting. “A nearly ice-free Arctic Ocean in September before mid-century is likely,” says the draft seen by the Financial Times of the first large-scale study in six years by the Intergovernmental Panel on Climate Change. The retreating ice is encouraging for Arctic nations such as Russia,...

The mystery of the disappearing Arctic ice

Financial Times: Much of the world’s growing fascination with the Arctic centres on climate change and how it is opening up this vast icy wilderness. But figuring out the rate at which the Arctic is likely to thaw has proved to be extremely difficult. Scientists have known for decades that the Arctic was warming twice as fast as the rest of the world, and that the area covered by sea ice that thaws each summer, then refreezes as winter sets in, has been steadily shrinking. But the rate of this melting has sometimes...

Shale gas benefits called into question

Financial Times: The US shale gas boom is not curbing global greenhouse gas emissions as much as some of its proponents claim, according to a study by British climate change researchers. The reason is that although the so-called shale revolution has led to the US burning less coal, a far dirtier fossil fuel than natural gas, more American coal is being exported, so the overall benefits of switching fuels is not so great. The report is the latest in a stream of studies examining the environmental impact of natural...

Global warming linked to freak weather

Financial Times: As the US bakes in a searing heatwave and Russia mourns the deaths of more than 100 flood victims, scientists have produced what they say is groundbreaking research linking climate change to recent extreme weather. Global warming “significantly” increased the odds of some of last year’s most unusual weather, including the brutal Texas drought and the freakishly warm November in Britain, according to findings released Tuesday alongside the latest “state of the climate” report in the Bulletin of the...

Food security: Dampened prospects

Financial Times: Bangladeshi women farmers in rainbow-bright saris survey their flooded rice paddies with dismay: the rains have drowned the tender seedlings and, with them, their livelihoods. Climate change, ill-judged policies, protectionism, urbanisation and plain greed have all conspired to reignite Malthusian prophesies of a growing world population unable to feed itself. Come 2050, the UN predicts earth will be home to another 2bn people; in order to feed us all, production needs to increase by an estimated...

United Kingdom: Scientists warn on damage to peatlands

Financial Times: Scientists have warned that damaged UK peatlands – areas formed over thousands of years from dead and decaying plants in waterlogged conditions – are a significant source of carbon dioxide. They release the equivalent of almost 3.7m tonnes of CO2 a year – equal to the average emissions of about 660,000 UK households, more than all the households of Edinburgh, Cardiff and Leeds combined. A report by the International Union for the Conservation of Nature describes peatlands as a “Cinderella” habitat:...

Staying above water

Financial Times: As pictures of devastation in Japan continue to dominate the media, Prince William begins his tour of Australia to meet victims of last December’s river floods. These grim reminders are something many of us need to heed. Just as nuclear power is being re-evaluated in the light of Japan’s disaster, flood defences need to be re-examined. A forecast by the Intergovernmental Panel on Climate Change (IPCC) that sea levels may rise 59cm by 2100 appears conservative, because it does not factor Nasa-funded...