Scientists have criticised a major review of the world's remaining oil reserves, warning that the end of oil is coming sooner than governments and oil companies are prepared to admit.
BP's Statistical Review of World Energy, published yesterday, appears to show that the world still has enough 'proven' reserves to provide 40 years of consumption at current rates - The Independent
The Government should take urgent steps to ensure mistakes that led to a massive increase in costs in modernising the West Coast railway line between London and Glasgow are never repeated, a watchdog committee of MPs has said. The costs of the project have rocketed to £8.6bn, £6bn more than forecast, but the line is already unable to cope with demand at peak times - The Independent
Rural areas are becoming so expensive for house buyers that some properties are fetching 14 times the average local salary - 'a nightmare' for the rural economy, according to a report released yesterday. Properties in parts of Cornwall, Dorset and Norfolk are completely out of the reach of locals, leading to young workers leaving and the slow death of village life - The Daily Telegraph
Emergency workers have come to the rescue of an Australian town cut off by floodwaters in true Antipodean style - by delivering a large consignment of beer by boat. The tiny town of Hinton, in the Hunter Valley wine-growing region, has been surrounded for five days by the floodwaters that have devastated parts of New South Wales after storms and torrential rain at the weekend - The Daily Telegraph
The annual RAC report on motoring said yesterday that 73% of drivers would find road pricing acceptable if the money raised was invested in public transport. This is an increase of four percentage points on last year's poll - The Daily Telegraph
After almost seven years, the Chinese capital's newest architectural adventure, a huge theatre in the shadow of Tiananmen Gate, is about to be revealed. Dubbed the Egg because of its smooth, translucent exterior and ovoid shape, the National Theatre for the Performing Arts is three years behind schedule, after more than 40 years in the planning - The Times
BAA's 'commercial passion for profit' has wrought 'chaos and confusion' at Heathrow airport, according to the celebrated designer who created the interiors of the original Terminal 1 building. Sir Terence Conran, the restaurateur, designer and businessman, believes the airport operator has destroyed his vision of a calm, welcoming environment, turning Heathrow into 'a really horrible place' - The Financial Times