Dwindling buffer effect?

(Phys.org) —The Southern Ocean could absorb relatively less carbon dioxide in future if the global temperatures continue to rise as a result of human activities, as climate researchers from ETH Zurich demonstrate based ...

Shell freezes Alaska drilling until 2014

Oil giant Shell put its controversial oil drilling plans for the Alaskan Arctic on hold through 2013, following multiple embarrassing problems with its two drilling rigs.

US fines Transocean $1.4 bn over Gulf oil disaster

The United States hit drilling rig operator Transocean Deepwater with $1.4 billion in criminal and civil fines Thursday for its role in the 2010 Deepwater Horizon oil leak disaster in the Gulf of Mexico.

Chevron's CEO: Affordable energy is crucial

(AP)—Chevron CEO John Watson notices something important as he visits his company's operations around the globe: Governments everywhere find high energy prices much scarier than the threat of global warming.

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