August, 31 2010, 05:24am EDT

For Immediate Release
Contact:
Szabina Mozes, Greenpeace International Communication,
+31 646 16 2023
Climbers Scale Rig in Freezing Seas as Energy Giants Eye Arctic Oil Rush
BAFFIN BAY, Greenland
Campaigners have evaded a huge military security operation to scale a
controversial oil rig in the freezing seas off Greenland. At dawn this
morning four expert climbers in inflatable speedboats dodged Danish Navy
commandos before climbing up the inside of the rig and hanging from it
in tents suspended from ropes, halting its drilling operation (video and
stills available).
The climbers have enough supplies to occupy the hanging tents for
several days. If they succeed in stopping drilling for just a short time
then the operators, Britain's Cairn Energy, will struggle to meet a
tight deadline to complete the exploration before winter ice conditions
force it to abandon the search for oil off Greenland until next year.
Sim McKenna from the United States, one of the campaigners hanging
fifteen metres above the bitterly cold Arctic ocean, said: "We've got to
keep the energy companies out of the Arctic and kick our addiction to
oil, that's why we're going to stop this rig from drilling for as long
as we can. The BP Gulf oil disaster showed us it's time to go beyond
oil. The drilling rig we're hanging off could spark an Arctic oil rush,
one that would pose a huge threat to the climate and put this fragile
environment at risk."
McKenna, who had been helping with the Gulf clean-up operation before
joining the Greenpeace ship the Esperanza in the Arctic, continued:
"Right now this platform is the most important oil rig in the world. If
we can stop them striking oil here in the next few weeks we'll hold back
the oil giants for at least another year, hopefully gaining enough time
for a global ban on dangerous deepwater drilling projects like this to
be enacted."
A Danish Thetis-class 120m warship, commandos in speed boats and a
flotilla of police boats have been shadowing the Esperanza for the last
nine days. The rig has been forced to stop drilling because any breach
of the 500m security zone around it results in a routine shutdown. It is
currently drilling in volcanic rock, having failed to strike oil, and
is due to move soon to a new drill site 100km away. The campaigners hope
today's occupation will delay the move or even cause it to be
cancelled.
Last week Cairn announced it had struck gas at a site a few miles from
the occupied rig, but not oil. The fragile environment west of Disko
Island is known as Iceberg Alley due to the plentiful icebergs and tough
conditions. This has deterred oil companies from attempting exploration
there in recent years, but the world's oil giants are watching the
Cairn project with great interest. If the Edinburgh-based company
strikes oil, analysts expect a new Arctic oil rush, with Exxon, Chevron
and other energy giants already buying up licenses to drill in the area
and making preparations to move in.
Jon Burgwald, a Greenpeace campaigner onboard the Esperanza, which is
about a kilometre from the occupied platform, said: "Instead of letting
the oil companies drill for the last drops of oil in pristine places
like the Arctic, our governments should be pushing the development of
the clean energy technologies we need to fight climate change and reduce
our dependence on dirty fuels. We already have the tools we need to go
beyond oil, all that's missing is the determination to make it happen
quickly. That's why we have to stop this rig from drilling for as long
as we can. We can't let the oil giants take us all in the wrong
direction by opening up the Arctic seas to a new oil rush."
The crew of the Esperanza includes Waldemar Wichmann, the Captain from
Argentina; Annkatrin Schneider, deck hand from Germany; Ben Stewart and
Leila Deen from the UK; Jon Burgwald from Denmark; Victor Rask from
Sweden; Mateusz Emeschajmer from Poland; Timo Puohiniemi from Finland;
Danielle, Second Mate from Australia; Mannas, Chief Engineer from
Holland; and Sim McKenna from the USA.
Greenpeace is a global, independent campaigning organization that uses peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future.
+31 20 718 2000LATEST NEWS
Alan Greenspan, Longtime Fed Chair and Ayn Rand Disciple, Meets Ultimate ‘Invisible Hand’
"For decades, he preached that the self-interest of the predator was the invisible hand of the common good," Yanis Varoufakis said after the man who led the US central bank under four presidents died aged 100.
Jun 22, 2026
Alan Greenspan, whose policies during nearly 20 years as US Federal Reserve chair fueled soaring economic inequality and helped create the conditions for multiple economic crashes, died Monday at age 100 after a long battle with Parkinson's disease.
While many corporate media outlets published hagiographic obituaries lionizing the "Maestro" who presided over nearly two decades of low inflation, rising stock prices, and American economic confidence, critics focused on Greenspan's role in promoting dangerous deregulation and "easy money" policies that inflated financial bubbles, with sometimes disastrous results.
Robert Reich—who served as US labor secretary under President Bill Clinton during all of Greenspan's tenure—called him "in many ways the most powerful person in America" during that era.
"If any single person was responsible for the financial crisis of 2008, it was Greenspan."
"He maintained an iron grip over the Fed, and almost single-handedly decided on interest rates," Reich wrote. "He essentially fired George H. W. Bush by raising interest rates so high (ostensibly to ward off the inflation then threatening the economy) that the economy took a dive, and voters blamed Bush. This was enough to convince my boss, Bill Clinton, to do exactly what Greenspan wanted—which was to reduce the federal budget deficit and thereby destroy much of the agenda Clinton ran on (and I helped create)."
"I don’t want to speak ill of anyone who has passed. Greenspan was an extremely charming, intelligent, and thoughtful man," Reich added. "But the truth must be told: If any single person was responsible for the financial crisis of 2008, it was Greenspan. That crisis—the worst collapse since 1929, which led to the worst recession in decades, in which millions of Americans lost their jobs, savings, and even their homes—resulted from the deregulation of Wall Street that Greenspan advocated."
Former Greek Finance Minister Yanis Varoufakis wrote on X: "His epitaph? A singular, glorious confession, 'I found a flaw in my model of the world.' A flaw, he said, as though it were a leaky pipe, not a total collapse of the intellectual architecture that anointed him Oracle. For decades, he preached that the self-interest of the predator was the invisible hand of the common good.
"Then, in 2008, the beast devoured the table, and to his credit, he blinked, admitting that his entire worldview—the one that central bankers canonized and the world swallowed—was a fairy tale for rentiers," Varoufakis added. "He did not, of course, admit to culpability. That would require a moral compass, a device notably absent from his Ayn Randian toolbelt. No, he merely noted the flaw, as a meteorologist might note a gust of wind, and returned to his well-earned silence."
Born 10 miles from Wall Street in Manhattan's Washington Heights during one of the most infamous economic bubbles of all time, Greenspan was a protégé of libertarian writer and philosopher Ayn Rand and was influenced by the Atlas Shrugged author's moral defense of capitalism, her fierce advocacy of deregulation, and her insidious insistence that self-interest was socially beneficial.
Their relationship cooled as Greenspan embraced more mainstream economic policies despised by Rand and gradually became a leading steward of the very sort of state-shepherded system she deeply distrusted.
After heading President Gerald Ford's Council of Economic Advisers, Greenspan was appointed chair of the Fed by President Ronald Reagan in 1987. He would remain in the post well into George W. Bush's second term.
Greenspan generally favored low interest rates, especially after crises like the 1987 stock market crash, the 1998 Long-Term Capital Management crisis, and the 2001 recession. His fame grew after he suggested that the economy might be experiencing a tech-driven “productivity miracle," language that many investors took as validation that traditional valuation limits were obsolete.
Critics would later call it a "productivity mirage."
Staunch devotion to low interest rates by Greenspan's Fed boosted stock prices and real estate values under "easy money" policies. Many investors came to believe that the Fed would intervene aggressively whenever markets fell sharply—the so-called "Greenspan Put."
However, since ownership of financial assets (and the firms that sell and promote them) is concentrated among the wealthy, it was the rich who benefited most from Greenspan's polices. When bubbles burst, as they did after the dot-com boom that ended in early 2000 and during the 2008 global financial crisis, the rich bounced back thanks to their diversified portfolios and bailouts, while middle- and lower-income households were wiped out through asset devaluation, foreclosures, and job losses.
"It is no exaggeration to say the global financial crisis of 2008 had an enormous and lasting impact on American life and the way ordinary people view elites," New York Times global economic correspondent Peter S. Goodman said on social media. "It is also no exaggeration to say that Alan Greenspan has as much responsibility for the crisis as an individual can."
"For those not old enough to remember, it is difficult to state his aura during his time of greatest influence," Goodman continued. "When he told Americans that they should buy houses and use variable-rate mortgages to do it, they listened. Much is made of his econ jargon-laden vernacular that went over the heads of nearly all listeners."
"That was central to the mystique," he added. "When he went to the Hill and spoke to Congress, most people had no idea what he was talking about but assumed that smarter kids did. And so his quasi-religious faith in the efficiency of markets as the ultimate insurance against risk went unchallenged and became dogma, and the risks kept building."
Keep ReadingShow Less
‘Time to Sue This Liar’: Trillionaire Elon Musk Threatens Ro Khanna for Warning of 4.5 Million Child Deaths From DOGE Cuts
"The Dems should have a leader who Elon Musk is threatening to sue and wants imprisoned," said one political observer. "That's the right guy."
Jun 22, 2026
The recently crowned world's first trillionaire Elon Musk threatened Rep. Ro Khanna with legal action on Monday after the California Democrat pointed out the life-ending potential of foreign aid cuts made by the Department of Government Efficiency.
During an appearance on the "I've Had It" podcast on Saturday, Khanna (D-Calif.) said that there must be consequences for Musk, who in February 2025 used DOGE to curtail programs and cut funding for the United States Agency for International Development (USAID).
"There needs to be accountability for Elon Musk," Khanna emphasized. "You know, they’re celebrating that he created 4,400 millionaires, but they don’t talk about the 4.5 million children around the world who he possibly sentenced to death by dismantling USAID.”
A peer-reviewed study published by The Lancet in July 2025 estimated that proposed cuts to USAID could lead to as many as 14 million preventable deaths by 2030 worldwide, including the deaths of 4.5 million children under the ages of five years old.
Musk, who earlier this month became the world's first trillionaire, wrote in response to Khanna's interview that it was "time to sue this liar."
It's not clear how Khanna's statement could be defamatory given that it was based on research published by a prestigious medical journal.
Musk, in a separate reaction to Khanna's remarks about USAID, later added that the US lawmaker "should be in prison."
On Monday afternoon, Khanna posted a video in which he challenged Musk to debate him on the impact the DOGE cuts have had on people throughout the Global South who had previously benefited from USAID.
"The world's richest person has spent all day... going after me," Khanna said. "Why? Because I cited an academic study that his DOGE cuts may lead to the deaths of millions of children overseas. You know, Elon, I thought you were a free speech guy. Why not debate me on these issues instead of threatening lawfare?"
"You're not going to be able to intimidate me," Khanna added.
.@elonmusk let's debate. You game?
I am for free speech, not lawfare. pic.twitter.com/gThLggxiOW
— Ro Khanna (@RoKhanna) June 22, 2026
Mehdi Hasan, editor-in-chief of Zeteo News, said that Khanna’s willingness to directly take on Musk exhibited qualities that Democrats could use more of in leadership positions.
"He is picking/making the right enemies on the right, and really pissing them off," Hasan wrote of Khanna. "The Dems should have a leader who Elon Musk is threatening to sue and wants imprisoned. That's the right guy."
Keep ReadingShow Less
'There Will Come a Day When He Faces Prosecution': Trump Condemned After US Murders Two More at Sea
"The summary execution of two more in an alleged drug boat brings the number of murders ordered by Trump to more than 210," noted one human rights defender.
Jun 22, 2026
Two people were killed, and six others survived, a strike on Sunday that the US military claimed—without providing evidence—targeted a boat full of "narco-terrorists," but that human rights defenders called another summary execution worthy of prosecution.
"On June 21, at the direction of the commander of US Southern Command, Gen. Francis L. Donovan, Joint Task Force Southern Spear conducted a lethal kinetic strike on a vessel operated by Designated Terrorist Organizations," USSOUTHCOM said in a statement. "Intelligence confirmed the vessel was transiting along known narco-trafficking routes in the Caribbean and was engaged in narco-trafficking operations."
"Two male narco-terrorists were killed during this action, and there were six male survivors," the statement added. "Following the engagement, USSOUTHCOM immediately notified US Coast Guard to activate the Search and Rescue system for the survivors."
More lawless killing in the Trump administration’s boat bombing campaign.Real killing in a phony armed conflict with “narco-terrorists.”This strike reportedly left 6 survivors.US record for rescuing survivors alive is…not great.
[image or embed]
— Brian Finucane (@bcfinucane.bsky.social) June 21, 2026 at 11:28 PM
According to The Intercept's Nick Turse, who has tracked all of the reported US boat bombings in the Caribbean Sea and Pacific Ocean, there have now been 66 such strikes, which have killed 215 people and left 12 survivors, based on USSOUTHCOM data.
The fate of previous boat strike survivors is not completely clear. After one April bombing, the US Coast Guard told UPI that search-and-rescue operations were called off after no signs of survivors were found. Last October, President Donald Trump said two strike survivors were repatriated to their home countries of Ecuador and Colombia, where they faced prosecution.
Survivors of some of the strikes have accused US forces of torturing them.
Relatives of people killed in previous US boat bombings, as well as officials in Venezuela and Colombia, have said that numerous victims were fishers who were not involved in the illicit drug trade.
In January, relatives of two Trinidadian fishers killed in the strikes filed a federal wrongful death lawsuit in Massachusetts.
"The summary execution of two more in an alleged drug boat brings the number of murders ordered by Trump to more than 210," former Human Rights Watch executive director Kenneth Roth said on social media. "There will come a day when he faces prosecution for these crimes."
Keep ReadingShow Less
Most Popular


