THE G8: NOT THE ONLY SHOW IN TOWN

Friday, 25 May 2007 Nicola Bullard*

This article, along with others, was published in Critical Currents, No 1, May 2007, Dag Hammarskjod Foundation.

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iven the centrality of oil not only to current geo-politics but also to the politics of global warming, it is interesting to recall that the G7 is a by-product of the 1973 oil crisis. Almost 35 years later, the now-G8 -- Russia was formally admitted in 1998 -- is again facing a crisis of global energy policies brought about by the increased public pressure for action to reduce carbon gas emissions, the looming fact of peak oil and, not least, the G8's incapacity over the past three decades to think beyond their own interests. But in 2007, the situation is very different from the ‘unglobalised' world of 1973 (although with some surprising similarities) and the G8 is not the only game in town. FOCUS ON TRADE
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