1 October 2015, , State of the World Report World Institute, Land “Grabbing” Grows as Agricultural Resources Dwindle. As global agricultural resources shrink or shift, countries are crossing border to obtain new farmlands. Since 2000, more than 36 million hectares—an area about the size of Japan—has been purchased or leased by foreign entities, mostly for agricultural use. Today, nearly 15 million hectares more is under negotiation (www.worldwatch.org). “Farmland is lost or degraded on every continent, while ‘land grabbing’—the purchase or lease of agricultural land by foreign interests—has emerged as a threat to food security in several countries,” writes Gary Gardner, contributing author of the Worldwatch Institute’s State of the World 2015: Confronting Hidden Threats to Sustainability. About half of grabbed land is intended exclusively for use in agriculture, while another 25 percent is intended for a mix of agricultural and other uses. (The land that is not used for agriculture is often used for forestry.) Land grabbing has surged since 2005 in response to a food price crisis and the growing demand for biofuels in the United States and the European Union. Droughts in the United States, Argentina, and Australia, has further driven interest in land overseas. “Today, the FAO reports that essentially no additional suitable [agricultural] land remains in a belt around much of the middle of the planet,” writes Gardner. As a result, the largest grabbers of land are often countries that need additional resources to meet growing demands. Over half of the global grabbed land is in Africa, especially in water-rich countries like the Congo. Asia comes second, contributing over 6 million hectares, mainly from Indonesia. The largest area acquired from a single country is in Papua New Guinea, with nearly 4 million hectares (over 8 percent of the country’s total land cover) sold or leased out. Read More here
28 September 2015, The Guardian, Shell abandons Alaska Arctic drilling. Oil giant’s US president says hugely controversial drilling operations off Alaska will stop for ‘foreseeable future’ as drilling finds little oil and gas. Shell has abandoned its controversial drilling operations in the Alaskan Arctic in the face of mounting opposition. Its decision, which has been welcomed by environmental campaigners, follows disappointing results from an exploratory well drilled 80 miles off Alaska’s north-west coast. Shell said it had found oil and gas but not in sufficient quantities. The move is a major climbdown for the Anglo-Dutch group which had talked up the prospects of oil and gas in the region. Shell has spent about $7bn (£4.6bn) onArctic offshore development in the hope there would be deposits worth pursuing, but now says operations are being ended for the “foreseeable future.” Shell is expected to take a hit of around $4.1bn as a result of the decision. The company has come under increasing pressure from shareholders worried about the plunging share price and the costs of what has so far been a futile search in the Chukchi Sea. Shell has also privately made clear it is taken aback by the public protests against the drilling which are threatening to seriously damage its reputation. Ben van Beurden, the chief executive, is also said to be worried that the Arctic is undermining his attempts to influence the debate around climate change. His attempts to argue that a Shell strategy of building up gas as a “transitional” fuel to pave the way to a lower carbon future has met with scepticism, partly because of the Arctic operations. Read More here