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katyshannon

Venezuela raises petrol price for first time in 20 years - BBC News - 0 views

  • Venezuela is raising petrol prices for the first time in 20 years, although the president claims it will still be the cheapest in the world.
  • President Nicolas Maduro said pump prices of premium fuel would rise from the equivalent of $0.01 a litre to about $0.60 (£0.40).The cost of lower grade petrol would rise to about $0.10 a litre.
  • He unveiled a series measures to help ease Venezuela's economic crisis, including devaluing the currency.The rise in the heavily-subsidised fuel price will save $800m a year.
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  • However, other countries, including Saudi Arabia also have extremely cheap, subsidised petrol prices.
  • Food and petrol price increases in 1989 sparked nationwide protests that resulted in scores of deaths, unrest that is considered to have paved the way for the late President Hugo Chavez's rise to power.
  • Venezuela's economy has been pushed to the brink by the collapse in the oil price, which accounts for about 95% of the country's export revenues.
  • The economy shrank 10% last year, amid rampant inflation and shortages of some basic products,
  • According to the Bloomberg news agency, the state oil company Petroleos de Venezuela incurred $15.2bn in costs in 2013 to maintain Venezuela's fuel subsidy.
  • Investors have become increasingly concerned about Venezuela's potential default on its huge debts.
brookegoodman

Electric cars produce less CO2 than petrol vehicles, study confirms | Environment | The... - 0 views

  • Electric vehicles produce less carbon dioxide than petrol cars across the vast majority of the globe – contrary to the claims of some detractors, who have alleged that the CO2 emitted in the production of electricity and their manufacture outweighs the benefits.
  • Across the world, passenger road vehicles and household heating generate about a quarter of all emissions from the burning of fossil fuels. That makes electric vehicles essential to reducing overall emissions, but how clean an electric vehicle is also depends on how the electricity is generated, the efficiency of the supply and the efficiency of the vehicle.
  • Scientists from the universities of Exeter, Nijmegen and Cambridge conducted lifecycle assessments that showed that even where electricity generation still involves substantial amounts of fossil fuel, there was a CO2 saving over conventional cars and fossil fuel heating.
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  • In countries such as Sweden, which gets most of its electricity from renewable sources, and France, which is largely powered by nuclear, the CO2 savings from using electric cars reach as high as 70% over their conventional counterparts.In the UK, the savings are about 30%. However, that is likely to improve further as electric vehicles grow even more efficient and more CO2 is taken out of the electricity generating system.
  • “The idea that electric vehicles or heat pumps could increase emissions is essentially a myth,” said Florian Knobloch of Nijmegen University in the Netherlands, the lead author of the study. “We’ve seen a lot of disinformation going around. Here is a definitive study that can dispel those myths.”
  • Mike Childs, head of science at Friends of the Earth, said: “Electric vehicles and heat pumps are absolutely critical for meeting climate goals so it’s good to see this favourable report. In the UK, both technologies will continue to make big carbon savings alongside our switch from fossil fuels to renewable energy to power the electricity grid.”
  • “Where the UK is dragging its feet is supporting the necessary rapid rollout of electric cars and heat pumps as well as the infrastructure to support them,” he said.
runlai_jiang

China looks at plans to ban petrol and diesel cars - BBC News - 0 views

  • China, the world's biggest car market, plans to ban the production and sale of diesel and petrol cars and vans.
    • runlai_jiang
       
      Electric cars have been a trend to reduce carbon emission in the world.
  • Both the UK and France have already announced plans to ban new diesel and petrol vehicles by 2040, as part of efforts to reduce pollution and carbon emissions.
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  • Other global car firms including Renault-Nissan, Ford and General Motors are all working to develop electric cars in China.
  • China wants electric battery cars and plug-in hybrids to account for at least one-fifth of its vehicle sales by 2025.
  • The shift will also have a knock-on effect on oil demand in China. The country is currently the world's second-largest oil consumer after the US.
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    Electric cars have been a trend to reduce carbon emission in the world.
Javier E

The dark side of Dubai - Johann Hari - Commentators - The Independent - 0 views

  • the secrets of Dubai are slowly seeping out. This is a city built from nothing in just a few wild decades on credit and ecocide, suppression and slavery. Dubai is a living metal metaphor for the neo-liberal globalised world that may be crashing – at last – into history.
  • There are three different Dubais, all swirling around each other. There are the expats, like Karen; there are the Emiratis, headed by Sheikh Mohammed; and then there is the foreign underclass who built the city, and are trapped here. They are hidden in plain view. You see them everywhere, in dirt-caked blue uniforms, being shouted at by their superiors, like a chain gang – but you are trained not to look. It is like a mantra: the Sheikh built the city. The Sheikh built the city. Workers? What workers?
  • Sahinal Monir, a slim 24-year-old from the deltas of Bangladesh. "To get you here, they tell you Dubai is heaven. Then you get here and realise it is hell," he says. Four years ago, an employment agent arrived in Sahinal's village in Southern Bangladesh. He told the men of the village that there was a place where they could earn 40,000 takka a month (£400) just for working nine-to-five on construction projects. It was a place where they would be given great accommodation, great food, and treated well. All they had to do was pay an up-front fee of 220,000 takka (£2,300) for the work visa – a fee they'd pay off in the first six months, easy. So Sahinal sold his family land, and took out a loan from the local lender, to head to this paradise. As soon as he arrived at Dubai airport, his passport was taken from him by his construction company. He has not seen it since. He was told brusquely that from now on he would be working 14-hour days in the desert heat – where western tourists are advised not to stay outside for even five minutes in summer, when it hits 55 degrees – for 500 dirhams a month (£90), less than a quarter of the wage he was promised. If you don't like it, the company told him, go home. "But how can I go home? You have my passport, and I have no money for the ticket," he said. "Well, then you'd better get to work," they replied.
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  • "There's a huge number of suicides in the camps and on the construction sites, but they're not reported. They're described as 'accidents'." Even then, their families aren't free: they simply inherit the debts. A Human Rights Watch study found there is a "cover-up of the true extent" of deaths from heat exhaustion, overwork and suicide, but the Indian consulate registered 971 deaths of their nationals in 2005 alone. After this figure was leaked, the consulates were told to stop counting.
  • Since the recession hit, they say, the electricity has been cut off in dozens of the camps, and the men have not been paid for months. Their companies have disappeared with their passports and their pay. "We have been robbed of everything. Even if somehow we get back to Bangladesh, the loan sharks will demand we repay our loans immediately, and when we can't, we'll be sent to prison." This is all supposed to be illegal. Employers are meant to pay on time, never take your passport, give you breaks in the heat – but I met nobody who said it happens. Not one. These men are conned into coming and trapped into staying, with the complicity of the Dubai authorities.
  • The work is "the worst in the world," he says. "You have to carry 50kg bricks and blocks of cement in the worst heat imaginable ... This heat – it is like nothing else. You sweat so much you can't pee, not for days or weeks. It's like all the liquid comes out through your skin and you stink. You become dizzy and sick but you aren't allowed to stop, except for an hour in the afternoon. You know if you drop anything or slip, you could die. If you take time off sick, your wages are docked, and you are trapped here even longer."
  • For Emiratis, this is a Santa Claus state, handing out goodies while it makes its money elsewhere: through renting out land to foreigners, soft taxes on them like business and airport charges, and the remaining dribble of oil. Most Emiratis, like Ahmed, work for the government, so they're cushioned from the credit crunch. "I haven't felt any effect at all, and nor have my friends," he says. "Your employment is secure. You will only be fired if you do something incredibly bad." The laws are currently being tightened, to make it even more impossible to sack an Emirati.
  • Sheikh Mohammed turned Dubai into Creditopolis, a city built entirely on debt. Dubai owes 107 percent of its entire GDP. It would be bust already, if the neighbouring oil-soaked state of Abu Dhabi hadn't pulled out its chequebook. Mohammed says this will constrict freedom even further. "Now Abu Dhabi calls the tunes – and they are much more conservative and restrictive than even Dubai. Freedom here will diminish every day." Already, new media laws have been drafted forbidding the press to report on anything that could "damage" Dubai or "its economy"
  • What we see now didn't occur in our wildest dreams. We never thought we could be such a success, a trendsetter, a model for other Arab countries. The people of Dubai are mighty proud of their city, and rightly so. And yet..." He shakes his head. "In our hearts, we fear we have built a modern city but we are losing it to all these expats." Adbulkhaleq says every Emirati of his generation lives with a "psychological trauma." Their hearts are divided – "between pride on one side, and fear on the other."
  • t is an open secret that once you hire a maid, you have absolute power over her. You take her passport – everyone does; you decide when to pay her, and when – if ever – she can take a break; and you decide who she talks to. She speaks no Arabic. She cannot escape.
  • heikh Maktoum built his showcase city in a place with no useable water. None. There is no surface water, very little acquifer, and among the lowest rainfall in the world. So Dubai drinks the sea. The Emirates' water is stripped of salt in vast desalination plants around the Gulf – making it the most expensive water on earth. It costs more than petrol to produce, and belches vast amounts of carbon dioxide into the atmosphere as it goes. It's the main reason why a resident of Dubai has the biggest average carbon footprint of any human being – more than double that of an American.
  • Dubai only has enough water to last us a week. There's almost no storage. We don't know what will happen if our supplies falter. It would be hard to survive." Global warming, he adds, makes the problem even worse. "We are building all these artificial islands, but if the sea level rises, they will be gone, and we will lose a lot. Developers keep saying it's all fine, they've taken it into consideration, but I'm not so sure."
  • The water quality got worse and worse. The guests started to spot raw sewage, condoms, and used sanitary towels floating in the sea. So the hotel ordered its own water analyses from a professional company. "They told us it was full of fecal matter and bacteria 'too numerous to count'. I had to start telling guests not to go in the water, and since they'd come on a beach holiday, as you can imagine, they were pretty pissed off." She began to make angry posts on the expat discussion forums – and people began to figure out what was happening. Dubai had expanded so fast its sewage treatment facilities couldn't keep up. The sewage disposal trucks had to queue for three or four days at the treatment plants – so instead, they were simply drilling open the manholes and dumping the untreated sewage down them, so it flowed straight to the sea.
  • She continued to complain – and started to receive anonymous phone calls. "Stop embarassing Dubai, or your visa will be cancelled and you're out," they said. She says: "The expats are terrified to talk about anything. One critical comment in the newspapers and they deport you. So what am I supposed to do? Now the water is worse than ever. People are getting really sick. Eye infections, ear infections, stomach infections, rashes. Look at it!" There is faeces floating on the beach, in the shadow of one of Dubai's most famous hotels.
  • Perhaps Dubai disturbed me so much, I am thinking, because here, the entire global supply chain is condensed. Many of my goods are made by semi-enslaved populations desperate for a chance 2,000 miles away; is the only difference that here, they are merely two miles away, and you sometimes get to glimpse their faces? Dubai is Market Fundamentalist Globalisation in One City.
qkirkpatrick

BBC NEWS | Programmes | Breakfast with Frost | Women in WWII - 0 views

  • Women like Nancy Wake, who was parachuted into France and worked for the French resistance undermining the German occupation.
  • The Gestapo codenamed her The White Mouse, she was given the George Medal at the end of the war in recognition of the lives she saved and the risks she took
  • Here at home. A lady in Kent who, a farmhouse nearby was just razed to the ground, what did she do? She got children out from underneath that rubble. Another lady who is living in Wales at the present time was driving petrol in the East End of London, given to fire brigades so that their punts could still function and take care of fires. And the doodlebugs were coming down! Women in Coventry did a splendid job, Liverpool, all over the country. Some in uniform, as I say, a lot who were not.
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    Women during WWII
runlai_jiang

Burning oil tanker sinks off China after one week - BBC News - 0 views

  • An oil tanker burning in the East China Sea for more than a week has finally sunk, Chinese media say.The Sanchi and a cargo ship collided 260km (160 miles) off Shanghai on 6 January, with the tanker then drifting south-east towards Japan
  • China Central Television said that the Sanchi had gone down after "suddenly igniting" around noon (04:00 GMT).
  • Some 13 vessels and an Iranian commando unit had been taking part in the salvage operation, amid bad weather.A spokesman for the Iranian team, Mohammad Rastad, said there was no hope of finding any survivors.
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  • The rescue workers retrieved the ship's black box but had to leave quickly because of the toxic smoke and high temperatures.
  • The Panama-flagged Sanchi was bringing the condensate from Iran to South Korea when the collision with the Hong Kong-registered freighter CF Crystal, carrying grain from the US, happened in the East China Sea. The crewmen of the Crystal were all rescued.
  • Condensate is very different from the black crude that is often seen in oil spills.It is toxic, low in density and considerably more explosive than regular crude.Condensate creates products such as jet fuel, petrol, diesel and heating fuel.
mimiterranova

Hong Kong: China approves 'patriotic' plan to control elections - BBC News - 0 views

  • China's legislature has approved a resolution to overhaul Hong Kong's electoral system - its latest move to tighten control over the city.
  • The "patriots governing Hong Kong" resolution was passed at the National People's Congress (NPC) on Thursday. It will reduce democratic representation and allow a pro-Beijing panel to vet and elect candidates.The former British colony was handed back to China in 1997 under a model called "one country, two systems".Under the deal, which gave the territory freedoms not available in mainland China, Hong Kong also had its own mini-constitution and an elected parliament.The latest Chinese move follows a series of measures that have tightened Beijing's grip on Hong Kong, including the passing of a national security law and a crackdown on activists and opposition politicians.Detailed legislation will now be drafted and could be enacted in Hong Kong within the next few months.
  • Once again, China is arguing that this reform - with its political loyalty test for candidates - is necessary to ensure stability. But critics will argue it abolishes another fundamental underpinning of the city's special freedoms - the ability to channel dissent through the political process itself.The pro-democracy protests, although sometimes violent, were accompanied by mass popular support with as many as two million taking peacefully to the streets. In late 2019, the democrats won a landslide in Hong Kong's local elections, the city's only truly democratic ballot. That may have spooked Beijing more than barricades and petrol bombs. But is its victory now complete? "It is very sad," the former Democratic Party chairperson Emily Lau told me. "But I insist this doesn't mean the game is over for Hong Kong because the fight will go on."
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  • Since the law has been enacted in June, around 100 people have been arrested, including China critic and media tycoon Jimmy Lai, who was denied bail and is in detention awaiting trial.
woodlu

The age of fossil-fuel abundance is dead | The Economist - 0 views

  • FOR MUCH of the past half-decade, the operative word in the energy sector was “abundance”. An industry that had long sought to ration the production of fossil fuels to keep prices high suddenly found itself swamped with oversupply, as America’s shale boom lowered the price of oil around the world and clean-energy sources, such as wind and solar, competed with other fuels used for power generation, such as coal and natural gas.
  • In recent weeks, however, it is a shortage of energy, rather than an abundance of it, that has caught the world’s attention.
  • Britain’s miffed motorists are suffering from a shortage of lorry drivers to deliver petrol. Power cuts in parts of China partly stem from the country’s attempts to curb emissions. Dwindling coal stocks at power stations in India are linked to a surge in the price of imports of the commodity.
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  • a slump in investment in oil wells, natural-gas hubs and coal mines. This is partly a hangover from the period of abundance, with years of overinvestment giving rise to more capital discipline.
  • A rule of thumb is that oil companies are supposed to allocate about four-fifths of their capital expenditure each year just to stopping their level of reserves from being depleted. Yet annual industry capex has fallen from $750bn in 2014 (when oil prices exceeded $100 a barrel) to an estimated $350bn this year
  • Oil crossed $81 a barrel after the Organisation of the Petroleum Exporting Countries (OPEC), and allies such as Russia who are part of the OPEC+ alliance, resisted calls to increase output at a meeting on October 4th.
  • But it may at least accelerate the shift to greener—and cheaper—sources of energy.
  • result of growing pressures to decarbonise.
  • over the same period, the number of years’ worth of current production held in reserves in some of the world’s biggest projects has fallen from 50 to about 25
  • The industry would usually respond to robust demand and higher prices by investing to drill more oil. But that is harder in an era of decarbonisation.
  • big private-sector oil companies, such as ExxonMobil and Royal Dutch Shell, are being pressed by investors to treat oil and gas investments like week-old fish
  • shareholders reckon that demand for oil will eventually peak, making long-term projects uneconomic, or because they prefer to hold stakes in companies that support the transition to clean energy
  • Another factor inhibiting oil investment is the behaviour of OPEC+ countries. The half-decade of relatively low prices during the “age of abundance”, which reached its nadir with a price collapse at the start of the pandemic, g
  • utted state coffers. That cut funding for investment. As prices recover, governments’ priority is not to ex
  • pand oil-production capacity but to shore up national budgets.
  • Investment in thermal coal is weakest of all. Even in China and India, which have big pipelines of new coal-fired power plants, the mood has swung against the dirtiest fossil fuel.
  • All this places fossil-fuel producers in something of a bind. A slump in investment could enable some oil, gas and coal investors to make out like bandits. But the longer prices stay high, the more likely it becomes that the transition to clean energy ultimately buries the fossil-fuel industry. Consumers, in the meantime, must brace for more shortages.
Javier E

Can things get any worse for Olaf Scholz? | The Spectator - 0 views

  • A survey earlier this month suggested that only a fifth of voters are currently satisfied with the chancellor’s work – the worst result recorded since this type of polling began a quarter of a century ago
  • If they could pick a chancellor from any political party, only 5 per cent said they would choose Scholz.
  • This year has also been a difficult one for Germans.
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  • Food prices have risen by another 6.1 per cent from already high levels in 2022
  • Soaring energy prices mean that 5.5 million Germans say they weren’t able to heat their house properly over the past year
  • there have been further investigations into his alleged connections to a tax fraud scheme that happened when he was mayor of Hamburg (Scholz denies any wrongdoing).
  • ‘Food…petrol and energy: everything has become so expensive that I have nothing left at the end of the month. There was a time when I could go out sometimes, or go to the cinema. Such extras are no longer possible.’
  • three quarters said they had to make cuts in their spending on consumer items and leisure time activities.
  • Recent scandals and spectacular failings of his government have cemented the public’s impression of incompetence.
  • Only around a quarter think he is fit to be chancellor, down from over 60 per cent when he took office in December 2021.
  • Last month, a bombshell ruling by the constitutional court declared the creative accounting of his administration illegal, blowing a €60 billion (£52 billion) hole in public finances and an even bigger one in what remained of Scholz’s reputation as a crisis chancellor.
  • What’s worse is that he doesn’t appear to care about the increasing despair in his country. Naturally aloof, his mannerisms and rhetoric sometimes drift into outright dismissiveness
  • Currently only 15 per cent would vote for his centre-left Social Democrats (SPD). That marks a 10 point-drop in support from the last election and the lowest result in the SPD’s post-war history by some margin.
  • One would think that such catastrophic loss of confidence would lead to serious soul-searching by Scholz or, failing that, within the SPD, which still thinks of itself as one of Germany’s main political parties. But there is no sign of any such critical reflection.
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