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The game Russia is playing with its gas is not just a European problem.
Oil giant Shell is accused of influencing–editing–an environmental report on the impact of the Sakhalin II oil project, which threatens the habitat of the western grey whale.
The Sakhalin project will “also release 1.6m tonnes of carbon dioxide, three times the UK’s annual carbon footprint.
Identifying the wider impacts of Shell’s activities in this way is an important contribution to revealing the externalised/hidden costs (generally environmental ones) in the production of consumable resources.
The head of Gazprom, the Russian energy giant, warned today that oil may go from its current historic high of $137 per barrel to $250 in the next 18 months.
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