Signaling that Big Oil's heyday is over for now, ConocoPhillips posted an enormous fourth-quarter loss Wednesday as the energy giant was stung by $34 billion in asset writedowns and plunging crude prices. It also gave a dire forecast for the next couple of years.
Chairman and chief executive Jim Mulva said the nation's third-largest oil company was preparing for a ''significant, multiyear recession.'' - The New York Times
Plankton fed with iron will absorb carbon dioxide to prevent it acting as a greenhouse gas, scientists have shown. Measurements taken in the Southern Ocean confirmed that so-called iron fertilisation would help plankton to grow and thus take in more carbon - The Times
Recycling could be adding to global warming rather than reducing it, a key government adviser on waste management has said. Peter Jones suggested that an "urgent" review of Labour's policy on recycling was needed to make sure the collection, transportation and processing of recyclable material was not causing a net increase in greenhouse gases. Mr Jones, a former director of the waste firm Biffa and now an adviser to environment ministers and the London Mayor, Boris Johnson, also dismissed kerbside recycling collections in many areas as "stupid" because they mixed together different materials, rendering them useless for recycling - The Daily Telegraph
A £2 energy-saving light bulb that lasts for 60 years has been developed by scientists at Cambridge University. The researchers have designed a bulb that is three times more energy efficient than today's best offer and can cut lighting bills by 75 per cent. The bulbs are made using Gallium Nitride (GaN), a man-made substance used in LEDs (light emitting diodes) - The Daily Telegraph
Chairman and chief executive Jim Mulva said the nation's third-largest oil company was preparing for a ''significant, multiyear recession.'' - The New York Times
Plankton fed with iron will absorb carbon dioxide to prevent it acting as a greenhouse gas, scientists have shown. Measurements taken in the Southern Ocean confirmed that so-called iron fertilisation would help plankton to grow and thus take in more carbon - The Times
Recycling could be adding to global warming rather than reducing it, a key government adviser on waste management has said. Peter Jones suggested that an "urgent" review of Labour's policy on recycling was needed to make sure the collection, transportation and processing of recyclable material was not causing a net increase in greenhouse gases. Mr Jones, a former director of the waste firm Biffa and now an adviser to environment ministers and the London Mayor, Boris Johnson, also dismissed kerbside recycling collections in many areas as "stupid" because they mixed together different materials, rendering them useless for recycling - The Daily Telegraph
A £2 energy-saving light bulb that lasts for 60 years has been developed by scientists at Cambridge University. The researchers have designed a bulb that is three times more energy efficient than today's best offer and can cut lighting bills by 75 per cent. The bulbs are made using Gallium Nitride (GaN), a man-made substance used in LEDs (light emitting diodes) - The Daily Telegraph
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