BP has been kicked out of the FTSE4Good index for ethical companies, the latest but by no means greatest repercussion facing the oil giant in the aftermath of the Gulf of Mexico oil spill. FTSE Group confirmed the deletion of BP in its semi-annual review last week, citing the company's poor response to the oil spill, as well as "the environmental and social impact and its history of similar incidents". The deletion is the most recent sanction on BP, which was taken off Dow Chemical Jones' sustainability index and then dropped from Calvert Investments ethical SAGE fund in June. ...... Read more>>>>
A project under way in the Seto Inland Sea aims to generate huge amounts of electricity from the energy of water currents, using streamlined turbines shaped like a tuna. Kiyomi Suzuki, president of the Hyogo Prefecture firm Nova Energy Co., sailed around the world in his former career as a ship captain and is taking a hands-on approach to leading the project. "Whenever I saw a tanker in the Persian Gulf. I had a sense of crisis about Japan's reliance on imported energy", Suzuki said......Read More>>>>
The UN nuclear watchdog IAEA has approved an Egyptian site to host the country's first nuclear power plant. The site in El Dabaa is about 295 km from Cairo, and corresponds to all international requirements. IAEA experts said on Saturday. Egypt is set to construct fournuclear power reactors by 2025, with the first of them to be put into operation in 2019. The north African state's nuclear programme was originally suspended after the Chernobyl disaster in the former Soviet Union in 1986. Egypt is expected to announce the tender for the construction of the nuclear power plant by the end of the year. Russia is ready to offer its vast experience, its high--technology solutions and financial assistance to the project..... Read More>>>>
