That the Madrid climate talks ended with an inconclusive agreement and a decision to ask countries to be more ambitious in cutting greenhouse gas emissions to realise the 2015 Paris accord shows we have, to use David Axelrod’s all-too-apt phrase, passed the swimsuit stage of international negotiations on climate change.
Millions of people marched yesterday demanding immediate action to try to avert climate collapse proportionate to the threat that catastrophe poses to our civilisation’s survival. Whether the world’s governments — especially those in America, China, and India — stir themselves from their stupor and respond is, amazingly, still an open question.
Providence Resources boss Tony O’Reilly Jr has said landing a development partner for the company’s headline asset — the Barryroe oil and gas field off the Cork coast — remains the top priority despite a potential deal collapsing in the last few months.
A number of so-called ‘super-majors’ — a term typically used to describe the biggest eight, or so, oil companies in the world — have shown interest in offshore assets held by freshly financed Irish explorer Providence Resources, its chief executive said yesterday.
A costly court ruling yesterday put the spotlight on the terms of the debt deal that Providence Resources struck with Melody Finance late last year, as the Barryroe oil and gas explorer led by Tony O’Reilly Jnr unexpectedly lost a multi-million euro legal dispute with an international drilling company over delays in the Celtic Sea.
Improved berthing facilities at Dunmore East and greater investment in the region’s port infrastructure are vital because cruise liners find it too risky to launch passenger tenders offshore in rough weather, said a Waterford councillor.