Word: fossils
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...idea of an Arab oil power like Abu Dhabi supporting fossil fuel alternatives sounds a bit like a heroin dealer trying to sell methadone, think again. Virtually alone among its Persian Gulf neighbors, Abu Dhabi has embarked on a serious program in alternative energy research, backed with oil money. In 2006 it launched the Masdar Initiative (the name means "source" in Arabic), a multi-pronged scheme that includes a collaborative research institute with the Massachusetts Institute of Technology, support for solar and other kinds of green power within the city itself and a clean energy investment fund worth $250 million...
...filled your tank with gasoline today, or warmed your home with natural gas, there's a decent chance you sent some money to Abu Dhabi. The capital of the United Arab Emirates (UAE) is blessed with fossil fuels, including the fourth-biggest reserves of oil in the world. Selling that petroleum at record prices has helped Abu Dhabi achieve the highest per-capita GDP in the world - wealth that's visible in every luxury hotel rising from the desert or spotless Mercedes prowling the streets. All those fossil fuels also mean that Abu Dhabi citizens have among the biggest carbon...
These are bold plans - especially for a city that had little green experience until recently - but for Abu Dhabi, investing in alternative power is a way to remain a world energy center in the event that concerns over climate change cut into the demand for fossil fuels. "We have a long tradition as a global energy leader and we have the financial resources to develop new fields of energy," said Sultan Ahmed Al Jaber, Masdar's CEO. "Leadership entails responsibility...
...summit's hosts were only too eager to emphasize, when they weren't announcing a new hydrogen plant, almost every projection of energy use over the next several decades says that fossil fuels aren't going anywhere. Abu Dhabi will develop hundreds of megawatts of clean solar power, but it will export far more polluting power in oil - because the world will need it and there is nothing else feasible to replace it. "The World Future Energy Summit is nothing less than the future of the world itself," said Jonathan Porritt, founder of the UK sustainability organization Forum...
Speaking at the hearing, MMS Director Randall Luthi defended the lease sale, arguing that developing fossil fuels in the Arctic needn't hurt the polar bear - although an Interior Department study indicates there's a 33% to 51% chance of an accidental oil spill in the area. At the conclusion of the hearing, Markey introduced legislation that would force the Bush Administration to protect the polar bear before it allows further oil drilling in Alaska, setting up a showdown later this month...