Lloyds of London, the world’s biggest insurance company, has warned investors of the dangers of drilling for oil in the Arctic. Lloyds has said that it is highly possible that this will disturb ecosystems already under stress from climate change. The environmental consequences of an accident similar to the Gulf of Mexico cannot be foreseen in a pristine area such as this.
While the numbers of people on the planet has never been higher, their consumption of raw materials is increasing at an alarming rate. We in the developed west are responsible for our profligate way of life, wasting resources and wanting more and different goods, so creating a waste mountain.
Oil companies are ever on the lookout for more places to drill for oil to fuel this lifestyle to which we have become accustomed. China is developing so quickly that they will probably overtake the USA as the largest manufacturing nation in the world in the near future. Developing countries, particularly in Africa, will have population increase to match their development. Education about contraception is paramount if these people are to be given a chance to live as well as we do. We must learn to rebalance society so that there is more sharing of resources between developed and developing countries
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