Five days after appearing before Congress to testify about its responsibility in one of the worst oil spills in US history, the Swiss company that owned and operated the oil rig that sunk into the Gulf of Mexico announced that it would shell out $1 billion in dividends to shareholders, ‘Raw Story’ reports.

……..To put the distribution in perspective, the amount of profit that Transocean plans to pay out in the next year is half of what Exxon ultimately paid for the Exxon Valdez disaster off the Alaska Coast.

t’s also more than double what BP has said they’ve spent on the cleanup to date.

Read more here:  http://rawstory.com/rs/2010/0517/spill-rig-owner-approves-1-billion-dividend-shareholders/

15th December, 2008

Last week there were several media pieces that mentioned the Green New Deal, including The Times, The Observer, and The Independent on Sunday.

Also, UN Secretary General Ban Ki-moon has followed his colleagues at UNEP in calling for a Green New Deal.

You can also read nef’s Green New Deal Round-up here.

Open Democracy: 27th October 2008

It is a small measure of the dramatic financial meltdown of 2007-08 that leading representatives of western liberal capitalism ransacked the past for reference-points to convey its scale…

Read more here

11th October, 2008.

I have had an extraordinary day today, at an event in Bristol organised by the Schumacher Society.  Fritz Schumacher - of Small is Beautiful fame – died in 1977, and the Society was formed just thirty years ago, in 1978.  Today’s event was hosted by Diana Schumacher and Jonathon Porritt.  I was honoured to share a platform with Bill McKibben the great leader of the Green movement in the United States, and brilliant strategist behind the 350 campaign.

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