British Gas

Have Frackers’ Shares Hit Rock Bottom?

A major investor in British fracking has suffered a catastrophic fall in share price as protesters continue to fight attempts to drill the countryside in pursuit of shale gas.

Allan Campbell has now resigned as chief executive of AJ Lucas in Australia after two decades at the helm, as the company heads perilously close to the rocks. “It is time for me to move on to the next chapter of my life,” he said.

The Sydney-based mining company is a founding investor in Cuadrilla, the company leading the fracking initiative in Britain. It was also among the first to gamble on hydraulic fracturing, and at its height in 2008 was trading at more than Au$5.50 per share.

You'll Never Guess Who Attended Britain's First Major Climate Denial Conference

DeSmog UK’s epic history series looks back at the conference that marked the first major event where climate sceptic views were promoted in England.

This year marks the 20th anniversary of Britain's first major climate denial conference. You'll never guess who attended – and who paid for it.

In October 1995, John Blundell – the newly appointed director of free market think tank the Institute of Economic Affairs (IEA) – opened his second major conference Environmental Risk: Perception and Reality at the four-star Stakis St Ermin's Hotel on Caxon Street in London.

The advertised speakers included Blundell’s old friend Fred Smith, the founder of the Koch-funded Competitive Enterprise Institute (CEI), who had flown over from the United States along with the coal-funded sceptic scientist Dr Patrick Michaels.

Labour Attacks Climate Denier Lawson for Gas Bills Double Standards

Shadow minister vents fury on eve of world climate summit about environment being blamed for higher gas bills by climate deniers and says privatisation and deregulation are the real culprits 

Labour shadow minister Barry Gardiner today accused the Tory grandee Lord Lawson of “promoting global warming” and apparent double standards after the former chancellor blamed climate change measures for high gas bills for British families.

Whistleblower Claims Australian Govt Censored Environment Concerns Prior To Approving Mega Gas Projects

A WHISTLEBLOWER has claimed approvals for two multi-billion dollar gas export projects in Australia were waved through government despite warnings that key information on a range of environmental impacts were either missing or inadequate.

Environment assessment specialist Simone Marsh, who had been on secondment to the Queensland Government's Department of Infrastructure and Planning when the projects were being assessed in early 2010, has spoken of a process where approval of the projects was never in question. Commercial and economic interests were put above environmental concerns.

“All the scientific arguments in the world wouldn't have changed things in that situation,” Marsh told the ABC's investigative journalism documentary program 4 Corners. “They had decided that they wanted to go ahead with the projects and there was nothing stopping it.”

Documents obtained by 4Corners under Right to Information laws in Queensland also reveal how a state government department tasked with assessing the environmental impacts of the projects were looking to provide the state's co-ordinator general with a “bankable outcome” on which to approve the projects.

The 4 Corners program looked at two major projects costing US$38.9 billion that would drill thousands of wells into coal seams in Queensland and, with the help of hydraulic fracturing and 6500 km of access roads, extract gas and pipe it to a new export facility at Curtis Island beside the Great Barrier Reef. Some 26 million cubic metres are being dredged from Gladstone harbour for the export projects.

Evidence Provided In UK Parliamentary Inquiry Into Climate Scientists Was Prepared By Oil and Gas Industry Consultant

The Guardian just broke the news that a consultant to Shell and other oil and gas interests was the source of ‘evidence’ provided by the Institute of Physics in the current UK parliamentary review of the controversy in England over climate scientists’ emails stolen from servers at the University of East Anglia.

The Guardian reports:

“Evidence from a respected scientific body to a parliamentary inquiry examining the behaviour of climate-change scientists, was drawn from an energy industry consultant who argues that global warming is a religion

The Guardian has established that the institute prepared its evidence, which was highly critical of the CRU scientists, after inviting views from Peter Gill, an IOP official who is head of a company in Surrey called Crestport Services.

According to Gill, Crestport offers “consultancy and management support services … particularly within the energy and energy intensive industries worldwide”, and says that it has worked with “oil and gas production companies including Shell, British Gas, and Petroleum Development Oman”.

Subscribe to British Gas