Brazil’s Biggest Bank Sued For Funding Amazon Deforestation
Brazil’s biggest bank — the state-run Banco do Brasil — is being sued for allegedly funding deforestation in the Amazon.
Public prosecutors say the bank lent money to companies that illegally cleared the rainforest and used labour practices bordering on slavery. The smaller state-owned Banco da Amazonia is also being sued.
Brazil says it has drastically reduced the rate of deforestation in the Amazon in recent years.
Prosecutors in the state of Para said they had uncovered 55 loans worth nearly $5m (£3m) that the Banco do Brasil approved to farms that had broken environmental and employment laws. They also said they had uncovered 37 loans worth $11m given to farms with similar violations by the Banco da Amazonia.
The loans violated Brazil’s constitution, environmental laws, banking regulations and international agreements signed by Brazil, the independent prosecutors at the Public Ministry said.
Less than 50 Years of Oil Left, HSBC Warns
Recently John Collins Rudolf reported in the New York Times:
The world may have no more than half a century of oil left at current rates of consumption, while surging demand from the developing world threatens to create “very significant price rises” before substitutes like biofuels can serve as viable alternatives, the British bank HSBC warns in a new report.
“We’re confident that there are around 50 years of oil left,” Karen Ward, the bank’s senior global economist, said in an interview on CNBC.
The bank, the world’s second largest in assets, further cautioned that growth trends in developing countries like China could put as many as one billion more cars on the road by midcentury. “That’s tremendous pressure on oil to power all those resources,” Ms. Ward said.
Substitutes, such as biofuels and synthetic oil from coal, could fill the gap if conventional supplies fall short, but only if average oil prices exceed…
Wikileaks Cables Show Race To Carve Up Arctic
BBC News reports:
Secret US embassy cables released by Wikileaks show nations are racing to “carve up” Arctic resources — oil, gas and even rubies — as the ice retreats.
They suggest that Arctic states, including the US and Russia, are all pushing to stake a claim.
The opportunity to exploit resources has come because of a dramatic fall in the amount of ice in the Arctic.
The US Geological Survey estimates oil reserves off Greenland are as big as those in the North Sea.
The cables were released by the Wikileaks whistleblower website as foreign ministers from the eight Arctic Council member states – Russia, the United States, Canada, Denmark, Norway, Finland, Sweden and Iceland – met in Nuuk, Greenland on Thursday to sign a treaty on international search-and-rescue in the Arctic and discuss the region’s future challenges.
The cables claim the Danish Foreign Minister Per Stig Moeller joked with the Americans saying “if you stay…
The Search For Alien Space Miners
Ray Villard writes on Discovery News:
Rather than looking for aliens who use interstellar radio signals to say “hi,” an alternative search strategy is simply to spy on any mega-engineering projects that an advanced civilization might be undertaking. Veteran SETI astronomer Jill Tarter calls this strategy “SETT” — the Search for Extraterrestrial Technology.
A new science paper by Duncan Forgan at the University of Edinburgh in Scotland and Martin Elvis at the Harvard-Smithsonian Center for Astrophysics in Cambridge, Mass., suggests we look for evidence of a very ambitious macro-engineering project: the wholesale mining of an asteroid belt. The asteroid material may be mined to build space colonies, solar power satellites or maybe even an entire “ringworld,” as imagined by sci-fi writer Larry Niven.
What’s more, precious metals are in high demand for technologies such as computers, high-speed networks and mobile phones. So-called “green technologies” of the future, such as hydrogen fuel cells, will…
OPEC Could Reap $1 Trillion This Year
OPEC Member Countries
Olga Belogolova writes in the National Journal:
The Organization of the Petroleum Exporting Countries (OPEC) is set to make a record-breaking $1 trillion in export revenues this year if crude oil prices remain above $100 a barrel, an the International Energy Agency official told the Financial Times.
“It would be the first time in the history of OPEC that oil revenues have reached a trillion dollars,” Chief IAEA Economist Fatih Birol told the Financial Times. “It’s mainly because of higher prices and higher production.”
The possibility of a record-breaking year comes as continued unrest in the Middle East and North Africa, engagement in Libya, and signs of an economic recovery renew debate among policymakers over how to deal with rising global oil prices and their ties to national security.
President Obama will weigh in on the issue [on 30 March] when he speaks about his new four-part “Plan for America’s Energy Security” at…
Earth Could be ‘Unrecognizable’ by 2050
Via Discovery News:
A growing, more affluent population competing for ever scarcer resources could make for an “unrecognizable” world by 2050, researchers warned at a major US science conference Sunday.
The United Nations has predicted the global population will reach seven billion this year, and climb to nine billion by 2050, “with almost all of the growth occurring in poor countries, particularly Africa and South Asia,” said John Bongaarts of the non-profit Population Council.
To feed all those mouths, “we will need to produce as much food in the next 40 years as we have in the last 8,000,” said Jason Clay of the World Wildlife Fund at the annual meeting of the American Association for the Advancement of Science (AAAS).
“By 2050 we will not have a planet left that is recognizable” if current trends continue, Clay said.
U.S. Called Vulnerable To Rare Earth Shortages
Photo: Peter Morgan
Via The New York Times:
The United States is too reliant on China for minerals crucial to new clean energy technologies, making the American economy vulnerable to shortages of materials needed for a range of green products — from compact fluorescent light bulbs to electric cars to giant wind turbines.
So warns a detailed report to be released on Wednesday morning by the United States Energy Department. The report, which predicts that it could take 15 years to break American dependence on Chinese supplies, calls for the nation to increase research and expand diplomatic contacts to find alternative sources, and to develop ways to recycle the minerals or replace them with other materials.
At least 96 percent of the most crucial types of the so-called rare earth minerals are now produced in China, and Beijing has wielded various export controls to limit the minerals’ supply to other countries while favoring its own manufacturers that use…
The Coming Chocolate Shortage
Would smiles still exist in a world without chocolate? We may find out. Global chocolate consumption is far outpacing cocoa production, portending an ominous future in which chocolate prices rise drastically, and cheap chocolate products as we know them become a relic of the past. The Independent brings the gloom-and-doom:
John Mason, executive director and founder of the Ghana-based Nature Conservation Research Council, has forecast that shortages in bulk production in Africa will have a devastating effect: “In 20 years chocolate will be like caviar. It will become so rare and so expensive that the average Joe just won’t be able to afford it.”
The reason for this unimaginable shortage – which has been presaged by the doubling of cocoa prices in six years to an all-time high over the past three decades – is simple.
Farmers in the countries that produce the bulk of cocoa bought by the multinationals who control the market…
Portable Solar Powered Desalination System A Reality
I’ve been clamoring for this kind of tech to break out of development status and into marketability for most of the last decade, and it’s just great to see it finally manifest in a way that allows for ease of transport and comparatively simple maintenance. In a world top-heavy with serious issues, this is a breath of fresh air … or more to the point, a drink of fresh water. Stephen C. Webster writes on RAW Story:
About one in eight humans do not have access to clean drinking water, according to the World Health Organization. That’s approximately 884 million people.
The repercussion of this reality are a daily reality in developing nations: an estimated 1.4 million children perish each year due to diarrhea brought on by waterborne bacteria. In spite of breathtaking advances in human technology, over 97 percent of the world’s water is still undrinkable.
And while salty or impure water…
The German Military Believes ‘Peak Oil’ May Bring About the End of Democracy and Free Markets
Hubbert peak oil plot. Chart: Hankwang (CC)
Der Spiegel reports that a German military think tank believes ‘peak oil’ may occur this year, and that it could cause the collapse of both democracies and free markets within 30 years.
The political and economic impacts of peak oil on Germany have now been studied for the first time in depth. The crude oil expert Steffen Bukold has evaluated and summarized the findings of the Bundeswehr study. Here is an overview of the central points:
- Oil will determine power: The Bundeswehr Transformation Center writes that oil will become one decisive factor in determining the new landscape of international relations: “The relative importance of the oil-producing nations in the international system is growing. These nations are using the advantages resulting from this to expand the scope of their domestic and foreign policies and establish themselves as a new or resurgent regional, or in some cases even global leading…
International Young Water Professionals Discuss Water Fears
This week in Australia, the International Young Water Professionals meet to discuss the repercussions of climate change, war, and other factors on our water supply. In the driest continent, 25 countries are represented to voice concerns and contemplate solutions so that our growing populations and destructive habits don’t put an end to our tap water. Phil Mercer of The National covers:
Experts from Oman, Kenya and Austria joined others from across the world to discuss sustainability and how communities in drier regions must adapt to warmer temperatures to safeguard precious supplies into the future.
The meeting dealt with basic issues of survival, said Katerina Ruzicka, a research assistant at the Institute of Water Quality at Vienna’s University of Technology.
“A huge problem we are facing besides climate change is water for food,” Ms Ruzicka said. “We have to feed a growing population and you need water to produce food.
“Somehow we will be able to cope…
Playground Politics: Geopolitics Made Simple By Children, On a Playground (Video)
From HBO’s Funny Or Die Presents, the lesson learned from this episode featuring the USA and Africa is: “If you have natural resources, then you’ll receive food…”
The Fateful Geological Prize Called Haiti
F. William Engdahl writes on Global Research:
Behind the smoke, rubble and unending drama of human tragedy in the hapless Caribbean country, a drama is in full play for control of what geophysicists believe may be one of the world’s richest zones for hydrocarbons-oil and gas outside the Middle East, possibly orders of magnitude greater than that of nearby Venezuela.
Haiti, and the larger island of Hispaniola of which it is a part, has the geological fate that it straddles one of the world’s most active geological zones, where the deepwater plates of three huge structures relentlessly rub against one another — the intersection of the North American, South American and Caribbean tectonic plates. Below the ocean and the waters of the Caribbean, these plates consist of an oceanic crust some 3 to 6 miles thick, floating atop an adjacent mantle. Haiti also lies at the edge of the region known as…
The Prices Of Liquids
A chart that puts global issues into perspective:
Perhaps the wars of the future may be fought over precious, precious printer ink.
Marijuana Soothes Pain in Israel; Can it Bring Peace?
The Video Journalism Movement reports on medical marijuana in Israel.
