By Abdoulaye Bah The announcement by Pope Benedict XVI of his intention to resign with effect from February 28, 2013 provoked many reactions in Francophone Africa, both in traditional media and on social networks. The predominant feeling was that of admiration for the Pope combined with the wish that certain African leaders would follow his […]
How Reliance scaled up its performance globally in FY2011-12
RIL (Reliance Industries Limited) is the largest private sector in the country and is the second largest company in terms of revenue behind Indian Oil. Ranked 134th on the Fortune Global 500 listin 2011, business magnates and others across the globe admire its innovation strategies and business acumen. The global economy was left bleeding with […]
Who Are America’s Top 10 Gas Drillers?
By Nicholas Kusnetz, ProPublica Natural gas—often touted as an abundant, comparatively clean source of domestic energy—has come under intensifying public scrutiny in recent months, with federal regulators and reporters challenging some of the industry’s rosy business projections. The Securities and Exchange Commission is probing whether gas companies have exaggerated their reserves [1] and have […]
Scientific Study Links Flammable Drinking Water to Fracking
By Abrahm Lustgarten, ProPublica For the first time, a scientific study has linked natural gas drilling and hydraulic fracturing with a pattern of drinking water contamination so severe that some faucets can be lit on fire. The peer-reviewed study [1], published today in the Proceedings of the National Academy of Sciences, stands to shape the […]
Mukesh Ambani’s Reliance Industries to pick 60% stake in US shale-gas venture
Mukesh Ambani led Reliance Industries announced that it will acquire 60 per cent stake in a shale-gas venture in the US for $ 392 million. On Thursday, India’s largest industrial group Reliance Industries informed its investors that the company’s subsidiary Reliance Marcellus II LLC has entered into a joint venture agreement with the US based […]
The upside of fracking and water contamination
It’s become a cliché that water is the new oil. Experts predict that clean, fresh water will, by the end of the century, be as precious and hard to find as black gold is now. Business magazines and websites are already instructing investors on how to profit from the coming market in water. (See […]