Environmental Glance
When the balding Australian first stepped off the riverboat and into the isolated pocket of northeastern Peru's Amazon jungle in 2010, he had what seemed like a noble, if quixotic, business plan.
An ambitious real estate developer, David Nilsson hoped to ink joint venture agreements with the regional government of Loreto province and the leaders of the indigenous Matses community to preserve vast thickets of the tribe's remote rainforest. Under a global carbon-trading program, he wished to sell shares of the forest's carbon credits to businesses that hope to mitigate, or offset, their air pollution.
The Forest Mafia: How Scammers Steal Millions Through Carbon Markets
Global effort to capture carbon emissions takes hit
Despite progress in the global effort to capture carbon emissions from power plants and industrial facilities, the number of global large-scale projects aimed at capturing carbon declined from 75 to 65 in 2012, according to a new report.
The Global CCS Institute, an environmental research organization established with funding by the Australian government in 2009, said Thursday that while efforts to implement carbon capture and storage (CCS) techniques witnessed some new projects in the last year, the net decrease was a worrisome trend for long-term efforts to reduce the negative impact of climate change.
Ex-Chesapeake CEO McClendon raises $1.7 billion to drill in Ohio's Utica Shale
An energy firm run by Aubrey McClendon, the former Chesapeake Energy Corp (CHK.N) chief executive, has raised $1.7 billion to drill on shale acreage in Ohio's Utica Shale, the firm said on Wednesday.
Proceeds will initially be used to acquire and drill on about 110,000 acres in the southern portion of the Utica Shale.
Drilling operations will begin with one rig in the fourth quarter of 2013, and the firm plans to increase drilling activity to at least 12 rigs over the next 2 to 3 years, the firm said.
Fracking Study: Gas Production In Pennsylvania May Be Polluting Creek With Radioactive Waste
Fracking may be contaminating a Pennsylvania river with radioactive waste, a Duke University study to be published this week shows.
Scientists found elevated levels of radioactivity in river water at a site where treated fracking wastewater from oil and gas production sites in western Pennsylvania’s Marcellus shale is released into a creek.
Experts set threshold for climate-change calamity
The world's leading climate scientists have for the first time established a limit on the amount of greenhouse gases that can be released before the Earth reaches a tipping point and predicted that it will be surpassed within decades unless swift action is taken to curb the current pace of emissions.
The warning was issued Friday by a panel of U.N.-appointed climate change experts meeting in Stockholm.
Russian court orders Greenpeace activists to be held without charge
A Russian court has ordered 20 Greenpeace activists from around the world to be held in custody for two months pending further investigation over a protest against offshore oil drilling in the Arctic, drawing condemnation and a vow to appeal.
In proceedings that Greenpeace said evoked Soviet-era scare tactics, activists from a ship used in the protest at an oil rig were led to court in the port of Murmansk in handcuffs and held in cages for a series of hearings that ended early on Friday.
Scientists say more certain mankind causes global warming
Leading scientists said on Friday they were more certain than ever before that humans are the main culprits for climate change and predicted the impact from greenhouse gas emissions could linger for centuries.
The Intergovernmental Panel on Climate Change (IPCC) said in a report that the current hiatus in warming, when temperatures have risen more slowly despite growing emissions, was a natural variation that would not last.
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