background preloader

Garth Lenz: The true cost of oil

Garth Lenz: The true cost of oil

DER KLIMA – LÜGENDETEKTOR Subsea cable rivals quiet on progress Last updated 05:00 19/11/2011 Supplied YELLOW SUBMARINE: A rover used to repair submarine communications cables aboard the cabling-laying ship Ill de Ree. The two companies vying to lay new submarine communications cables to New Zealand to break the Southern Cross Cable's near monopoly over international internet links have failed to report any progress in the past two months. But InternetNZ chief executive Vikram Kumar said broadband users frustrated by the relatively meagre data caps offered by internet providers and hoping for more competition should not be too concerned. While it would be in the companies' interests to keep updating the market, "it would be a good sign if people have their heads down working," he said. Pacific Fibre, a company backed by entrepreneurs Sam Morgan, Sir Stephen Tindall and Rod Drury, announced plans last year to build a US$400 million (NZ$527 million) fibre-optic cable between the United States, Australia and New Zealand. - © Fairfax NZ News

Commission on the Measurement of Economic Performance and Social Progress - Home page