“The demand and price crash is certainly disrupting the Argentinian government’s fossil fuel expansion plans in the short term,” said Lorne Stockman, a senior research analyst at Oil Change International. He said this was part of a global trend. Dozens of planned oil and gas projects are likely to be scrapped or indefinitely postponed, including three liquid natural gas plants in Brownsville, Texas, and many US offshore oil terminals. Canadian tar sands, Brazilian offshore oil wells, and Guyana drilling projects will also struggle to break even. … [Read more...] about Coronavirus pandemic could prompt collapse of controversial fracking project
Top 10 cities with the largest carbon footprint 7. Singapore The many industries in this city-state are behind most of its CO2 emissions; the manufacturing sector will account for 60 percent of its emissions by 2020. But the government has realized it's time to act, and declared 2018 the year of climate action. It has also announced a carbon tax on highly polluting facilities. Singapore is also a main importer of sand — a scarce natural resource. … [Read more...] about Healing the ozone layer: A ray of hope for planet Earth?