Britain to Run out of Resources

In just over five years Britain will have run out of oil, coal and gas, researchers have warned.  A report by the Global Sustainability Institute said shortages would increase dependency on Norway, Qatar and Russia.

There should be a “Europe-wide drive” towards wind, tidal, solar and other sources of renewable power, the institute’s Prof Victor Anderson said.

The government says complete energy independence is unnecessary, says BBC environment analyst Roger Harrabin.  The report says Russia has more than 50 years of oil, more than 100 years of gas and more than 500 years of coal left, on current consumption.

BBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.