Chinas fast growth continues, largely financed by state investment and, until very recently, cheap finance from state-owned banks. Fast growth and massive infrastructure construction require heavy usage of metals, energy and raw materials. Although the two latest Five-Year Plans talk about balancing environmental protection with social needs, as well as the fastest possible growth rate, nothing so far has slowed Chinas accelerating consumption of...more
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Its 8am on a bright September morning and rush hour in the forecourt at Uptown Oil. Every couple of minutes, one of Londons trademark black taxis pulls in at the filling station. The drivers, some of them yawning a little, some listening to the radio, make small talk with the attendants, before paying up and heading off, ready to find their next customer on the citys busy streets.It is a scene repeated at garages around the capital, but with a crucial difference: the fuel going into these tanks has been used once already as cooking fat in local restaurants.Uptown Oil, located under a railway bridge in the borough of Southwark, south London, manufactures diesel from oil that has fried anything from fish and chips to English breakfast. It is one of only two commercial-scale operators doing this in the city, manufacturing an average of 25,000 to 30,000 litres of low-emission biodiesel every week, out of oil collected from nearby bars, restaurants and cafes.Its directors Nigel Jewison, John Upton and Jason Askey-Wood believe its a business using local resources to help tackle some of the citys most pressing environmental problems, as well as making money.Like China, the United Kingdom...more
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