Posts Tagged ‘BP’
Russian Scientists Have Discovered Huge Methane Plumes Under The Surface Of Arctic Ice
Russian scientists have uncovered trapped methane gas in the Arctic Ocean that, if released, could greatly accelerate that rate of global warming, reports the Independent.
The scale of the methane plumes, trapped under the frozen sea has amazed researchers. One scientist told the Independent:
“Earlier we found torch-like structures like this but they were only tens of meters in diameter. This is the first time that we’ve found continuous, powerful and impressive seeping structures more than 1,000 metres in diameter. It’s amazing.”
Methane has an effect on the environment 20 times worse than that of carbon dioxide, so understandably there is great concern over whether this gas will be released.
On the bright side, an op-ed in the New York Times begs to differ that this new discovery is a huge threat to the environment. It argues that though the build of of methane in the Arctic Ocean can’t be denied, this process has been going on for thousands of years.
It concludes, with the help of scientific research, that the release of the gas won’t affect the planet this millennium.
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See Also:
- Now Russia’s Joint Venture With BP Is Spending $10 Billion To Find Oil In The Arctic
- WATCH: This Russian Burger King Ad Is, Quite Frankly, Insane
- Russia Just Pledged At Least $10 Billion To Help Save The Eurozone
Exxon Q2 profits surge 91%
Exxon Mobil, which is the world’s largest oil company, has today announced profits nearly doubled in the April to June period – easily exceeding analysts’ expectations.
The oil giant said net earnings rose to $7.56 billion, or $1.60 a share, against $3.95 billion, or 81 cents a share, in the same period a year earlier.
Analysts had [...]
Royal Dutch Shell Q2 profits surge 94%
Oil giant Royal Dutch Shell has today announced second quarter profits almost doubled after completing its restructuring programme ahead of schedule.
Shell posted profits of $4.5 billion (£2.9 billion) – a rise of 94% on the $2.3 billion reported a year ago.
The Anglo-Dutch firm, which is Britain’s second largest oil company, has undergone a major a [...]
Beleaguered oil giant BP reports Q2 loss
Oil giant BP has today reported a massive loss of $16.9 billion in the three months to June as a result of the major oil spill in the Gulf of Mexico.
The company added that costs related to the spill will reach $32.2 billion (£20.8 billion).
Excluding oil spill and other non-operating costs, BP’s replacement cost profit [...]
Shareholders suffer as dividend payments fall in 2010
Research by Capita Registrars Dividend Monitor has revealed how shareholders will suffer this year due to a fall in dividend payments.
Dividend payouts by London-listed companies will fall 6.5% in 2010, the company said, primarily due to the suspension of oil giant BP’s dividend.
The research estimated British companies would pay £54.7 billion to shareholders this year, [...]