A new panel of on global sustainability was revealed on Monday by Ban Ki-moon, United Nations’ secretary-general, asked to “think big” about ways to “lift people out of poverty while tackling climate change and ensuring that economic development is environmentally friendly”.
Quite a task. Read more
The FT’s Lex has just published a new column on BP:
BP is dead; long live BP. The leak at the Macondo oil well in the Gulf of Mexico has been plugged. The group has announced a $32bn charge against the cost of the incident, a new chief executive from October 1, and plans to dispose of up to $23bn of assets on top of last month’s $7bn sale to Apache. The news on the scale of the damage has been good, and the tide of reputation-sapping developments seems to have turned. BP can begin to reinvent itself. So why is its share price becalmed? Read more
Sylvia Pfeifer, energy editor, talks to Daniel Garrahan about whether GDF has overpaid and what the deal means for both parties. Read more
Elsewhere this Tuesday:
- Big oil has replaced big tobacco in the bulls eye of America’s vitriol Read more