Business

Investments in renewables could hit $750bn by 2016

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According to Ernst & Young, one of the largest auditing companies in the world, the global renewable energies market could be the subject of investments worth up to USD 750 billions by 2016 (559 billions Euros). In 2006, the global investments in these energy sources were of USD 100 billions. According to the United Nations, […]

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Record profits for oil majors in 2006

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2006 will be remembered as a year where the price of the barrel of oil hit shortly $80. Oil is a very lucrative business, to exemplify my statement I will give below the profit earned by the five major oil companies worldwide. According to the Figaro (dated 2/2/2007, page 22) the average price of the

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