If researchers at the University of California, Davis (UC – Davis) are correct, the world could run out of oil close to 100 years before alternative fuels are ready to take over.
As we’ve reported several times here on EnergyBoom, the United States’ congress failed to pass climate legislation this year, leaving the country without a solid, up-to-date plan for dealing with the threat of climate change.
Speaking at a conference in Waterloo, Ontario, Environment Minister Jim Prentice outlined how Canada will dole out CDN$400 million in donated funds to help fight climate change.
Committed in June at the G8/G20 summit, the donation, which is part of a US$30 billion international fund for developing nations, is the largest in Canadian history.
To anyone familiar with how modern-day politics works, it should come as no surprise to learn that big business spent big bucks to defeat the climate bills that became stalled in the U.S. Congress this past summer.