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Germany breaks renewable energy barrier

Germany is setting the bar for the production of renewable energy. In the first half of 2012, Germany produced 67.9 billion kilowatt hours of renewable energy, a record high and an increase of 19.5 percent from the same period last year.

Exxon Mobil earns $16 billion record profit yet still falls short

Exxon Mobil reported the highest quarterly profit ever seen by a U.S. Corporation Thursday. Exxon’s $16 billion profit beat the previous quarterly record of $14.83 set by, well, Exxon. CNN Money is reporting that Exxon's profit margin was over 12 percent on revenues of $127.4 billion.

5 fracking facts that are beyond question

The debate over the safety of fracking reached a new, bizarre dimension last night, when the AP published a story with the headline, "Experts: Some fracking critics use bad science."

Nexen shares soar after CNOOC makes $15.1BN takeover bid

If the bid is successful – it still requires shareholder and regulatory approval – it would be the largest foreign acquisition by a Chinese company yet, the Wall Street Journal reported.

India: Delhi's exorbitant public transport failure

A series of mistakes doomed Delhi's "Bus Rapid Transit" corridor before it ever got rolling.
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Buses ply on the road as commuters are stuck in a traffic jam at the Bus Rapid Transit (BRT) corridor in New Delhi, on April 27, 2008. (AFP/Getty Images)

After a new report debunked its claims that the hopelessly flawed Bus Rapid Transit (BRT) corridor has speeded up bus travel and reduced accidents in the city, the Delhi government has pleaded that the project cannot be scrapped lest its failure affect other transit systems planned around the country.

Absurd? That's the sort of logic that the BRT has been following since it was first suggested.

I'll get into the new Central Road Research Institute (CRRI) report in a moment. But here are the real reasons that the BRT has been a complete failure.

1. They built it in the wrong place.

The not-so-secret agenda of the BRT planners was to convince middle class commuters to shift from cars to the bus, so they put the first route smack in the middle of wealthy South Delhi, which has a greater percentage of car owners than any other part of the city, as well as (once) some of its widest and therefore least congested roads.  This meant that the system was going to irritate a powerful lobby from the outset, and also that its usefulness to the lower class / lower middle class bus riders would not be immediately evident. 

2. They started a "trial run" when the thing was half-finished.

This was an incredibly boneheaded move, because it ensured that there would be no upside to the corridor. The jams were particularly bad where the bus lanes began -- an obvious bottleneck -- and because the corridor didn't actually deliver riders to their destination, even for bus goeers it was essentially a short, smooth ride in between the usual stop-and-go.

3. They didn't increase the number / frequency of buses.

Leave it to engineers who don't commute by bus to miss the one crucial fact about bus travel: It's not the bus ride that takes forever, it's waiting for the bus to come in the first place. So when the BRT opened for business, car owners would sit -- parked, for all intents and purposes -- in the car lane, waiting for 15 or 20 minutes before a bus would whiz by in the empty "rapid transit" corridor. 

4. They didn't link the thing to the Metro.

Indian readers will recall that the BRT began amid a slanging match over whether buses or a subway system was the most practical a cost-effective way to convert Delhi to a public transportation city. This was stupid, since the answer was "all of the above." But it also meant that the BRT and the Metro essentially developed independent from one another. If the first leg of the BRT had taken riders directly to a major Metro exchange, both systems might have leveraged added riders. And the BRT, in particular, might have gotten a boost from the Metro's street cred with the middle class.

5. There was no stick and no carrot.

Not only was the BRT not actually faster than taking your car or bike -- since you'd have to first get to the BRT line, which lacked the commuter parking lots present at Metro stations. But apart from the traffic jams that it created, there was no punishment for continuing to drive: Parking fees remain as low as 20 U.S. cents an hour (or unlimited period) in many high-traffic areas; license fees for cars are low, and not collected annually; the cops rarely issue parking tickets or tow cars; and there is no charge for bringing your car into the city center, such as exists in London or Singapore.

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Latin America’s climate conundrum

LIMA, Peru — From Tierra del Fuego to Tijuana, Latin America is highly vulnerable to climate change, which is expected to trigger a series of natural disasters that could even reverse local victories in the fight against poverty.

Japan's largest anti-nuke protest in decades

TOKYO — In the end, the final head count was secondary. Whether you believe the police figure of 75,000 protesters or the organizers' estimate of 170,000, today's anti-nuclear rally in Tokyo was the biggest the capital has seen for decades, and a sign that popular opposition to nuclear power has endured during the 16 months since the Fukushima disaster.

Japan: 100,000 march in Tokyo to protest nuclear energy

"Japan is going to destroy itself by building nuclear plants in such an earthquake-prone country."

Indian journalist in critical condition after shooting

Tongam Rina, editor of Arunachal Times, spoke of intimidation and attempted bribery in efforts to stop her paper's dogged criticism of more than 150 dams planned for northeastern Indian state
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The confluence of the Ithun and Dibang Rivers, which is the site of a future massive dam in Arunachal Pradesh, India. (Scott Ligare/GlobalPost)

Tongam Rina, an editor at India's Arunachal Times newspaper, remains in critical condition after being shot by an unknown assailant in the Arunachal Pradesh state capital over the weekend. 

While there is still no official word regarding the motive for the attack, Rina's associates in Arunachal Pradesh's anti-dam movement said rumors are flying that she may have been shot in retaliation for her paper's dogged opposition to the more than 150 dams planned for the remote and beautiful northeastern Indian state.

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Petrol that funded Myanmar's junta now open to US firms

Obama clears American conglomerates to seek Myanmar's vast reserves
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Myanmar President Thein Sein meets with US Secretary of State Hillary Clinton during a meeting in Naypyidaw, Myanmar in 2011. (Saul Loeb/AFP/Getty Images)

More than jade and rubies, more than labor or timber, oil and gas were the natural resources that made Myanmar's former junta rich while its citizens struggled.

Until this week, any American conglomerate striking a new deal with Myanmar's state-run energy sector would have run afoul of sanctions.

No longer.

The Obama administration, according to the Washington Post, is now allowing US firms to work with Myanmar's government to extract the nation's vast oil and gas reserves.

This is highly significant. It shows that the State Department leadership has grown confident enough in Myanmar's reforms that it will allow Americans to dabble in a sector marked by secrecy, land grabs and abuse. Were it not for the fossil fuels buried beneath Myanmar's central plains and near seas, the former junta -- now supplanted by a quasi-democracy -- would have lacked a core funding stream that kept corrupt generals in power.

Lucrative energy deals with non-Western countries, namely China, kept the former military government afloat. How they spent the $16 billion earned from oil/gas projects through the last decade -- a figure cited by Myanmar's Eleven Media Group -- is a mystery. (Safe to say little was showered on sectors that would improve lives in Myanmar: schools, hospitals and public infrastructure.)

Having recently returned from a June summit in which Myanmar's energy sector bureaucrats pitched opportunities to foreign investors, I can state with confidence that officials are keen to see more Western firms inside their country. (I say "more" because Total, a French firm, and America's Chevron already operate a pipeline long exempt from sanctions through a grandfather clause.)

As it stands, there are about 20 foreign companies from 11 nations operating in Myanmar's oil/gas fields. China is the big player in Myanmar's energy sector with Chinese interests largely responsible for making oil/gas projects amount to more than 40 percent of the country's foreign investment pledges. .

But the government is confident that many more lucrative deposits lie beneath the waters offshore. According to Myanmar government data, there are currently 25 blocks of barely explored or unexplored offshore terrain available to energy conglomerates.

And Western firms, endowed with the the most advanced technology, are best suited to go in, locate it, extract it and kick a percentage of their profits to the government. (Expect a 25 percent tax on profit coupled with a 12.5 percent royalty fee.) But unlike Chinese firms, American firms will be forced by the State Department to prove their operations are free of abuse.

Given America's energy needs, the Obama administration's decision is only slightly surprising. More surprising is US diplomats' rare defiance of Aung San Suu Kyi, the Nobel Peace Prize-winning opposition figure who has appeared to all but dictate America's Myanmar policy.

Aung San Suu Kyi has pointed out the obvious: for now, her government's oil and gas sector is murky and unaccountable. This is the landscape US operators will enter if they seek the wealth of fossil fuels buried beneath Myanmar's soil.

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