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The Curse of Black Gold Vast Oil Find Puts Guyana on the Verge of Riches - or Failure

Guyana has always been one of South America's poorest countries. But now that ExxonMobil has discovered a new oil field off the coast, the tiny nation could become one of the world's richest. But will it be a blessing or a curse? By Hauke Goos in Georgetown, Guyana

Vast Oil Find Puts Guyana on the Verge of Riches - or Failure - Adriana Loureiro Fernandez / The New York Times / Redux / Laif

The Warming World Is Capitalism Destroying Our Planet?

World leaders decided in Copenhagen that global warming should be limited to 2 degrees Celsius. Achieving that target, though, would take nothing less than a miracle. With another round of climate negotiations approaching, it is becoming increasingly clear that mankind has failed to address its most daunting problem. Von Alexander Jung, Horand Knaup, Samiha Shafy und Bernhard Zand

Is Capitalism Destroying Our Planet? - WILLIAM HONG/ REUTERS

Rosneft President Igor Sechin 'Russia Didn't Initiate the Ukraine Crisis'

Igor Sechin, head of the oil giant Rosneft, is considered by many to be the second most powerful man in Russia. In an interview, he speaks with SPIEGEL about natural gas deliveries to Europe, the Ukraine crisis and the damage caused by economic sanctions. Von Gerald Traufetter und Matthias Schepp

'Russia Didn't Initiate the Ukraine Crisis' - DENIS SINYAKOV/ AFP

Verschollen Ausgestorben geglaubter Hula-Frosch aufgetaucht

Er ist eine biologische Sensation: Nach fast 60 Jahren ist der Hula-Frosch wieder aufgetaucht. Forscher entdeckten ihn in Israel. Das Tier gilt als echtes lebendes Fossil - es besitzt keine direkten Verwandten unter den heute lebenden Fröschen.

Ausgestorben geglaubter Hula-Frosch aufgetaucht - Frank Glaw

'Death By a Thousand Cuts' Coal Boom Could Destroy Great Barrier Reef

Australia's Great Barrier Reef is rapidly losing its coral, to the point that UNESCO may soon place the natural wonder on its "in danger" list. Climate change is one culprit, but so is the country's booming extraction industry. Environmentalists warn that time is running out for the reef. Von Samiha Shafy

Coal Boom Could Destroy Great Barrier Reef - DB/ dpa

CO2 Emissions Can Europe Save Its Cap-and-Trade System?

Europe's cap-and-trade system for reducing the release of greenhouse gases is broken, but not everybody wants to fix it. Industry has profited immensely from the plummeting prices of CO2 emissions certificates, and from lax checks on questionable environmental projects undertaken overseas. Von Nils Klawitter

Can Europe Save Its Cap-and-Trade System? - dapd

Gas Guidelines Berlin Agrees on Fracking Regulations

Chancellor Angela Merkel's government on Monday took an important step toward establishing regulations for fracking, the controversial method of exploiting unconventional gas deposits. A natural gas boom similar to the one in the US seems unlikely.

Berlin Agrees on Fracking Regulations - Jim Lo Scalzo/ dpa

Un-Natural Gas Fracking Set to Shake Up German Campaign

Germans are wary of fracking, but that hasn't stopped Berlin from moving ahead to create legal guidelines for the controversial natural gas extraction method. The opposition is up in arms and the issue could dog Chancellor Merkel as she campaigns for re-election. Von Lazar Backovic, Michael Kröger und Annett Meiritz

Fracking Set to Shake Up German Campaign - SPENCER PLATT/ AFP

Gas Bonanza for Germany? Berlin Wants to Fast-Track Fracking

Germany's governing coalition wants to quickly put an end to a virtual moratorium on the controversial shale gas extraction method of fracking in the country, SPIEGEL has learned. Officials want to have plans finished before the federal election this autumn.

Berlin Wants to Fast-Track Fracking - SPENCER PLATT/ AFP

Dutch Ruling Shell Mostly Cleared in Nigeria Oil Spills

A closely watched environmental lawsuit against oil giant Shell has ended in mixed results. A court in The Hague cleared the company of wrongdoing in oil spills in the Niger Delta, but ordered its subsidiary to compensate one farmer for revenue lost because of the damage.

Shell Mostly Cleared in Nigeria Oil Spills - Peter Dejong/ AP

Battling Big Oil How Four Nigerian Villagers Took Shell to Court

Four Nigerian villagers from the Niger River delta have challenged mighty Shell in a Dutch court. They complain that the oil giant has caused environmental devastation and ruined their homes. A verdict in the unprecedented case is expected on Wednesday. Von Nils Klawitter

How Four Nigerian Villagers Took Shell to Court - Marten Van Dijl/ dpa

'Coal-aholics' Poland Wages War on Efforts to Save the Climate

Poland is addicted to coal. That is the message the country has been sending both domestically and internationally as Warsaw prepares to host the global climate summit next year. In Europe, the Poles are isolated in their fight for looser emissions reduction goals and against fixes to the EU's cap-and-trade system. Von Joel Stonington

Poland Wages War on Efforts to Save the Climate - Darek Redos/ AFP

Forbidden City of Oil Platforms The Rise and Fall of Stalin's Atlantis

In the 1950s, Soviet engineers built a massive city in the Caspian Sea off the coast of Azerbaijan. It was a network of oil platforms linked by hundreds of kilometers of roads and housing 5,000 workers, with a cinema, a park and apartment blocks. Gradually disintegrating but still closely guarded, this astonishing place inspired a fiery scene in a James Bond movie. Von Arno Frank

Norway's New Foreign Minister 'Exploitation of Arctic Resources Will Happen'

The Arctic is changing at a breathtaking pace, which has oil and gas companies flocking to the region. SPIEGEL ONLINE talks to Norway's new Foreign Minister Espen Barth Eide about the dangers of resource extraction and China's role in the High North.

'Exploitation of Arctic Resources Will Happen' - STAFF/ REUTERS

Cutting Carbon Is Europe's Emissions Trading System Broken?

Emitting CO2 into the atmosphere is dirt cheap in Europe these days. At just 8 euros per ton, the low price is undermining the European Union's effort to establish an effective cap and trade system. Implementing necessary fixes to the system, however, won't be easy in the face of industry opposition. Von Joel Stonington

Is Europe's Emissions Trading System Broken? - Patrick Pleul/ dpa

Europe's Failed Natural Gas Strategy Gazprom Hopes to Build Second Baltic Sea Pipeline

With the planned Nabucco natural gas pipeline in southern Europe hitting snag after snag, Russian natural gas giant Gazprom is considering the construction of a second Baltic Sea pipeline to go with the just-finished Nord Stream. With unconventional natural gas from the US flooding the market, however, the strategy is not without risk. Von Frank Dohmen und Alexander Jung

Gazprom Hopes to Build Second Baltic Sea Pipeline - DPA

Interview with Greenpeace Head Kumi Naidoo 'We Are Losing the Planet'

The environmental movement is losing momentum and governments around the world are ignoring their responsibility for slowing climate change. Greenpeace head Kumi Naidoo, however, remains optimistic. In an interview, he explains his new vision for a sustainable world -- and how the pope can help.

'We Are Losing the Planet' - Fernando Bustamante/ AP

'Norway's Moon Landing' Massive Carbon-Capture Facility Spawns Skepticism and Hope

The world's largest facility for filtering carbon dioxide out of industrial emissions was inaugurated in Norway this week. While some see it as a godsend in efforts to reach environmental targets, others find the technology too dangerous and expensive. Von Gerald Traufetter

Massive Carbon-Capture Facility Spawns Skepticism and Hope - Helge Hansen/ TCM

The Mideast's Awakening Energy Giant Iraq Progresses toward a Future Built on Oil Wealth

When the US toppled Saddam Hussein in 2003, few people imagined that it would take another decade before the Iraqi oil industry was rebuilt. Now, progress is finally being made, and the country's massive reserves could bring untold wealth. But before that happens, Baghdad needs to improve security and get corruption under control. Von Bernhard Zand

Berlin's Oil Bonanza Hefty Gas Taxes Fill Up Germany's Coffers

Over half of the price of gas in Germany -- or roughly 40 billion euros each year -- goes straight into federal coffers. These taxes are steeper than almost anywhere else in Europe, but they don't go toward the environmental goals used to justify them. Von Alexander Jung

Hefty Gas Taxes Fill Up Germany's Coffers - Andreas Gebert/ picture alliance / dpa

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