Big oil to big wind: Texas veteran sets up $10bn clean energy project: T Boone Pickens is famous for thinking big. He founded his Texan oil company, Mesa Petroleum, in 1956 with just $2,500 (£1,200) in the bank. After a string of audacious takeovers he turned it into an independent empire that challenged the big oil companies, and today he is worth $3bn. Now this straight-talking Southerner is launching the biggest and most audacious project of his career. This month he will make the first down payment on 500 wind turbines at a cost of $2m each. The order is the first material step towards his goal of building the world’s largest wind farm. [Guardian]
The Great Carbon Con: Can Offsetting Really Help Save the Planet?: For the environmental groups Greenpeace and Friends of the Earth, this forestry offsetting craze is acting as a smokescreen, and detracting from real solutions to escalating emissions.”Taking a dodgy accounting proposition, which is that you can somehow identify the amount of carbon that any given new bit of forest picks up out of the atmosphere and sequesters, and make that correspond somehow to emissions elsewhere,” is how Greenpeace sees carbon offsetting, according to its senior climate adviser Charlie Kronick. [AlterNet]
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