ROLLS-ROYCE is poised to slash several hundred middle-management jobs and spend millions of pounds on a wide-ranging revamp of its organisation in the wake of a shock profit warning. But directors at the aero engine maker are understood to have ruled out the sale or outsourcing of plants to cut costs. Some analysts have urged Rolls-Royce to consider selling some manufacturing activities to other aerospace suppliers — a strategy followed with some success by Airbus and Boeing, the big two plane makers.
Sunday Times 15th Nov 2015 read more »
A 7.0-magnitude earthquake off the Japanese coast has created a tsunami early on Saturday. A 30cm (1ft) tsunami hit the Japanese island of Nakanoshima, but there were no reports of damage or injuries, according to the Japan Meteorological Agency. The two reactors at the nuclear power plant in neighbouring Sendai were unaffected, The Japan Times reported.
IB Times 14th Nov 2015 read more »
Epidemics of dengue fever and other tropical diseases could soon affect people in Britain because of global warming, one of the world’s leading medical experts has warned. Jeremy Farrar, director of the Wellcome Trust, said he also believed the planet is already being affected by many other serious health threats triggered by climate change – including malnutrition and deaths from air pollution.
Onserver 14th Nov 2015 read more »
The best evidence from science indicates that there is still time to avoid dangerous climate change, but the window of opportunity is closing rapidly. The world’s biggest emitters – China and the US – are showing real global leadership for the first time. US leadership during the ozone crisis was critical to providing the necessary confidence to spark bold action by many nations. But first, more drama: we can articulate precisely how high the stakes have become. Last week, we learned that the Earth had passed two new landmarks. Carbon dioxide in the atmosphere crossed the 400 parts per million threshold. The last time carbon dioxide levels were this high was at least three million years ago, before modern humans existed and in a very different climate to today’s. Scientists estimate that if we really wanted to safeguard a stable climate, then our limit should be around 350ppm. The second landmark is linked directly to greenhouse gases. It was announced that the Earth’s temperature is 1C above pre-industrial levels. We are halfway to the 2C limit agreed by world leaders in 2009. If we burn all known reserves of fossil fuels, the Antarctic ice sheet will melt completely, causing a rise in sea level of around 58 metres. Given the implications, speculative drilling for oil in the Arctic may one day be seen as a crime against humanity. The transformation is under way. Copenhagen has announced it will be free of fossil fuels by 2025. Now Sweden is seriously talking about being the first fossil-fuel-free country. I believe it could do this as early as 2030. Imagine the signal this will send. Germany aims to decarbonise the world’s fourth largest economy without relying on nuclear power. The UK has a climate law legally binding the country to 80% emission reductions by 2050.
Observer 14th Nov 2015 read more »
Letter: Thomas Piketty and Tim Jackson Science, ethics and economics are intersecting to form a clear market signal: in the lead-up to the COP21 climate talks, responsible investors should divest from fossil fuels. At a time when the fossil fuel industry should be shifting its businesses to focus on renewable energy, it is doing the opposite, doubling down on coal, oil and gas. Capital continues to flow into the exploration and future extraction of dirty energy. Long-term investment decisions must take into account the externalities of a business model at odds with physical realities. In the lead-up to the COP21 climate talks, the financial community has a vital role to play in the transition to a new energy economy – one where fossil fuels must be left in the ground.
Guardian 14th Nov 2015 read more »
A LEADING academic fears that ministers are preparing to “skimp” on a key study that will help determine whether fracking will be given the green light in Scotland. Health Protection Scotland (HPS) has been commissioned by the Scottish Government to carry out a full public health impact assessment (PHIA) into fracking and other controversial unconventional techniques for getting to fossil fuels. The work will have a key role in determining whether a moratorium will be lifted or turned into a permanent ban. However, despite plans for a PHIA being announced in January and a final report due to be published next summer after a period of peer review, the Government agency has not yet agreed a budget to carry out the work. A spokeswoman for HPS said: “The costs associated with carrying this work are currently being finalised with the Scottish Government.” It has also emerged that the Scottish Environment Protection Agency, which will assist HPS with its work, has no public health experts on its staff and no plans to take any on.
Herld 14th Nov 2015 read more »