A fleet of oil tankers is heading from Saudi Arabia to the US in order to drive down “unjustified” oil prices of $127 per barrel. Saudi Arabia’s current capacity of 9.9 million barrels per day already exceeds self-imposed OPEC quotas. Saudi Petroleum minister Ali Naimi said production could go up another 25% to 12.5 million […]
The Svalbard Global Seed Vault locked safe away in Norway has once again opened its steel doors welcoming 25,000 new seed samples including varieties of chickpeas, fava beans and other seeds from Syria. Around 110,000 Syrian duplicate seed samples out of 750,000 samples stored in Syria have been safely consigned, should the conflict in Syria […]
After a rise in the cost of gasoline on Tuesday, Turks are now paying what may be the world’s highest price for the precious liquid. 95-octane unleaded gasoline jumped to 4.62 Turkish Lira ($2.60, or € 1.93 ) per liter on Tuesday. By comparison, the European countries with the highest current gas prices — Italy, Denmark, […]
The finish line is in sight for Israel Cleantech Ventures (ICV), which has been racing towards a $100 million goal. ICV is an Israeli venture capital fund that was founded in 2006 to focus exclusively on raising capital for investment in renewable energy companies. In its February financial filing the company showed it had raised […]
Israeli entrepreneurs are world renowned for their high tech talents and ingenuity. Funding has always been the problem. But now Israeli cleantech start-ups may finally be getting the financing they need. $7.7 billion market cap investment fund, Blackstone, also the world’s largest private equity fund, began holding advanced talks with Israeli fund Markstone in February […]
As West Bank settlers develop water sources, Palestinians say they are excluded. Which narrative is right? Ein Ariq, WEST BANK — A convoy of white United Nations jeeps pulls into the olive-tree laden valley below the Jewish community of Eli. They are greeted by Jamal Deragmeh, the mayor of the nearby Palestinian town of Lubban […]
Eighteen months ago, Itzhak Ben-David, the Israeli Environment Ministry’s deputy director for enforcement, visited several Israeli army bases in the West Bank. What he saw was shocking. Fuel and oil were leaking unabated into the ground on several sites. In response, Ben-David asked the Israeli Defense Forces (IDF) to conduct water quality sampling and monitoring. […]
Dubai’s electric utilities are considering buying back power generated from solar panels on the roofs of houses and office buildings. Last year, the city carried out its first ever study to see how much solar power is being produced outside the grid and it found that local businesses and other private owners were producing around 5 […]
The United Nations Food and Agriculture Organization (FAO) issued a special alert on the food security situation in Syria this past week, voicing serious concern over the state of food security, especially for vulnerable groups, because of continued civil unrest since March 2011. According to the Syrian Central Bureau of Statistics, inflation increased between June […]
America joins Jordan in a celebration of green, but we are not sold on the deal. The USA and Jordan recently entered into environmental partnership, cosigning a plan to promote four distinct Jordanian initiatives: ecosystem conservation; increased education; improved private sector performance; and stronger environmental law. This agreement wrapped up a one-day forum on Environmental Technical Cooperation […]
Iran’s Bushehr nuclear plant has been under suspicion for decades, rightly or wrongly. So as not to arouse alarm, the United Arab Emirates’ civil nuclear plan has been taking the opposite approach of complete transparency. The UAE has forgone any plans to enrich or reprocess uranium itself, so as to allay any cause for suspicion or concerns about […]
Oil from a previously unexploited field in Egypt’s Gulf of Suez is now flowing, BP announced on Tuesday. BP has commenced oil extraction from a dormant field in the Gulf of Suez, Bikya Masr reports. Plans to exploit oil from the NS377 field had been delayed, but it is now being piped by BP’s field […]
Arava Power Company’s application was approved last night by Israel’s Public Utility Authority for their 40 MW, $150 million photovoltaic solar farm at Kibbutz Ketura, just north of the tourist destination city of Eilat in Israel’s Arava Valley. Able to ship out one-third of the electricity consumption during Eilat’s peak daylight hours, the solar farm will […]
Not content with their ambitious achievements in Abu Dhabi, now Masdar is spreading clean energy worldwide. A small 6 MW wind farm in the Seychelles has broken ground and will start start providing 11 percent of the languorous tropical resort islands’ modest electricity needs, thanks to Abu Dhabi’s Fund for Development (ADFD) and Masdar, the […]
Masdar expands its solar ambitions to the South Pacific The tiny kingdom of Tonga in the south pacific has just signed a memorandum of understanding with the Abu Dhabi based company Masdar for a 500 KW solar project to be built on the island of Vava’ in Tonga. This will add to the 1 MW […]