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February 6, 2010
Ecological disaster beneath their feet
From Mr Eric R. Hermann. Sir, Sheila McNulty lucidly outlines the benefits of shale gas drilling but barely...beware: see Gasland before you welcome shale gas drillers!Eric R. Hermann,President,FH International Asset Management,Harrison...
February 8, 2010
Melting ice alters way of life in Iqaluit
...ancient way of life but the response is always that it costs too much to stop, that they can’t afford to change,” says Sheila Watt-Cloutier, a local environmental activist. “We say that you cannot afford not to save the Arctic.” By Anna Fifield in Iqaluit
2:00am
Suppliers of oil sands fuel shunned
...is higher than traditional crude. The oil sands represent the largest proven oil reserve outside Saudi Arabia and reduce Washington's dependence on Middle Eastern fuel."There's going to be constant tension between environmental issues and security... By Sheila McNulty in Houston
January 30, 2010
Chevron reports net income fall
...Watson, Chevron's new chief executive, has pledged to restructure the division.Overall, for 2009, Chevron's earnings fell 56 per cent to $10.5bn. Its revenue of $167bn was down from $265bn in 2008.Sheila McNulty, Houston By Sheila McNulty
January 30, 2010
Chevron reports net income fall
...down from $265bn in 2008."Earnings decreased in 2009 as a result of lower crude oil and natural gas prices and a decline in refined product sales margins, driven by a weak global economy,'' Mr Watson said.Sheila McNulty, Houston By Sheila McNulty
January 29, 2010
Heavy cloud of uncertainty still hangs over securitisation
...for this huge part of the markets. Indeed, it is not for nothing that the ASF has moved its annual get-together to Washington DC from glitzy Las Vegas. Wooing regulators is now the key.The Federal Deposit Insurance Corporation (FDIC) has emerged as an unexpected influence ( see box ). Sheila Bair, FDIC chairman, said recently she wanted to "correct the weaknesses" of the market, including loan underwriting... By Aline van Duyn
January 28, 2010
Cloud of uncertainty over securitisation
...shots for this huge part of the markets. Indeed, it is not for nothing that the ASF has moved its annual get-together to Washington DC from glitzy Las Vegas. Wooing regulators is now the key.The Federal Deposit Insurance Corporation (FDIC) has emerged as an unexpected influence (see above). Sheila Bair, FDIC chairman, said recently she wanted to “correct the weaknesses” of the market, including loan underwriting... By Aline van Duyn in New York
5:45am
Chinese trade rises strongly
...provide critics of China’s yuan policy with ammunition,” he said. Barack Obama, US president, said last week that Washington would take a tougher stance on trade and currency issues with Beijing, fanning speculation that his administration could soon... By
January 21, 2010
Chevron's defence
Energy Source (Sheila McNulty): Chevron's high-profile defence against a $27bn lawsuit for environmental damages in Ecuador has ranged from YouTube... By Sheila McNulty
7:11pm
Washington locked in grip of severe weather
...lost electricity in the Baltimore-Washington region this weekend, were reporting...has on several occasions poked fun at Washington’s reaction to the snow, moved ahead...rescheduled it for later this month. Washington, well-known for its sometimes extreme... By Simone Baribeau in Washington DC