By Ana Ionova and Martinne Geller LONDON (Reuters) - Some of the world's major palm oil users, including Nestle, Unilever, and Mondelez, are trying out new satellite technology to track deforestation, as pressure grows on them to source the ingredient responsibly. They say the monitoring systems allow them to target people felling trees in producing countries like Malaysia and Indonesia, where forests are shrinking, more efficiently than policing supply chains on the ground. "They say you're Big Brother," said Benjamin Ware, global head of responsible sourcing at Nestle. "It's not Big Brother - it's today's reality...there is nothing secret anymore." Interviews with leading brands, commodity traders and plantation owners show the systems have limitations and opinions on them vary, reflecting tension within the industry over how to tackle an issue with no easy answer. Some say the technology is not enough to stop deforestation - that monitoring is not preventing. Others worry … [Read more...] about Can ‘Big Brother’ technology clean up palm oil’s image?
Grow well oil
Jan 31, 6:54 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Opinion By Matthew DiLallo 12/16/18 AT 11:26 PM Oil prices have plummeted 30% since early October. The global oil benchmark, Brent, which topped $86 a barrel at the start of the fourth quarter, tumbled back down to $58 a barrel in just 37 days. Fears that there wouldn't be enough oil to meet growing demand evaporated overnight after the U.S. allowed Iran to continue exporting oil to several of its key buyers even after imposing new sanctions, and oil traders started worrying that there would be too much crude sloshing around the global market.This article originally appeared in the Motley FoolThe bear-market mauling of oil prices, however, could be over. At least, that's the view of the International Energy Agency (IEA) in its latest oil market report, in which it noted that actions from several major oil-producing nations could have put a floor under oil prices in the … [Read more...] about Oil Prices: Is the Bear-Market Mauling Finally Over?
Productivity hacks are effective only when you know why you're avoiding something in the first place. Aytekin Tank Published 8:30 am CST, Monday, January 21, 2019 Photo: Laflor | Getty Images Photo: Laflor | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Laflor | Getty Images How to Beat Procrastination As You Grow Your Business 1 / 1 Back to Gallery Procrastination is an odd compulsion. Everyone has experienced it, but the underlying reasons can be tough to pin down. After all, procrastination delays the very activities that bring people closer to their goals -- whether that’s building a thriving business or stronger triceps. So why don’t … [Read more...] about How to Beat Procrastination As You Grow Your Business
When an oil company drills a well, oil isn’t always the only thing that comes out of the ground. Often, natural gas seeps out, too. This is a good thing when drilling takes place in a field with well-developed pipeline infrastructure. It means one well can produce two valuable products, and sometimes more, if the natural gas contains other types of valuable gas that can be separated and sold. Less waste, more fuel.So what happens in a field that doesn’t have pipelines to take natural gas to market? The gas has no value; it’s just waste. While oil can be transported in trucks and on trains if there’s no pipeline from the well, natural gas either gets vented or set on fire, a process called flaring. (And while flaring might look frightening, it’s often better for the environment than just releasing natural gas into the air.)Wasting this resource should depress all of us, because it has great value. We use it as a fuel every day for heat, for cooking and to … [Read more...] about Part of cleaning up oil production is building natural gas pipelines
By Jordan Blum Published 10:59 am CST, Tuesday, January 8, 2019 A well is drilled at an Apache Energy site in the Permian Basin in Midland. A well is drilled at an Apache Energy site in the Permian Basin in Midland. Photo: JIM WILSON, STF / New York Times Photo: JIM WILSON, STF / New York Times Image 1 of / 1 Caption Close Image 1 of 1 A well is drilled at an Apache Energy site in the Permian Basin in Midland. A well is drilled at an Apache Energy site in the Permian Basin in Midland. Photo: JIM WILSON, STF / New York Times API: U.S. must grow oil and gas while reducing emissions 1 / 1 Back to Gallery The American Petroleum Institute's president blamed rising U.S. carbon emissions … [Read more...] about API: U.S. must grow oil and gas while reducing emissions