STOP: Stop Tar Sands Operations Permanently

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Posts Tagged ‘british petroleum’

Tar Sands Risk Climate Catastrophe

Posted by mhudema on July 30, 2008

New sources of fossil fuel ‘risk climate catastrophe’

Russian oil plant

An oil plant: oil giants plan to explore more ‘unconventional’ sources

Oil giants including Shell and BP plan to extract fossil fuels from new sources that could trigger catastrophic climate change, a report warns today.

Pumping out tar sands and oil shale from reserves in the US and Canada is becoming increasingly attractive as oil prices soar, researchers say.

But refining the material is eight times more polluting than processing conventional oil, according to a report by WWF and Co-operative Financial Services.

Nonetheless, Shell and BP are planning to invest £62billion in ‘unconventional’ fuels by 2015, warns the study.

‘Unconventional fuel sources may seem attractive in the short term but ultimately the environmental and economic costs are unthinkable,’ said James Leaton of WWF-UK.

If the estimated 1.1trillion barrels of recoverable fuel in Canada and the US were extracted, it would release 980billion tonnes of carbon dioxide, it is claimed. This could push atmospheric CO2 levels well past the point believed to trigger dangerous climate change and mass extinction of species.

Mining tar sands – a mix of oil, water, sand and clay – will also damage substantial areas of Canadian forest which act as carbon sinks.

WWF and the Co-op are calling for a global halt to licensing the fuels and legislation to stop them being sold here.

But a BP spokesman said: ‘Oil sands represent a significant untapped resource from a politically stable country.’

And a spokeswoman for Shell said: ‘Supplies of “easy oil” cannot keep up with the demand growth.

‘Society has little choice but to add other sources of energy, including “unconventional” fossil fuels like oil sands.’

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Video: Toxic Tar Sands

Posted by mhudema on July 12, 2008

Video: John Vidal asks the oil firms tough questions on their plans for exploiting Canada’s tar sands
What happens when the world’s biggest oil companies target a northern wilderness? John Vidal heads to Canada to ask some tough questions of the oil industry and its intentions in northern Alberta

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Shell Cancels Tar Sands Refinery

Posted by mhudema on July 10, 2008

Shell cancels Canadian tar sands expansion

July 9, 2008

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An oil giant that planned to refine the same Canadian tar sands as BP Whiting has canceled plans for an expansion in Ontario.

Shell Canada is scrapping a proposed refinery project in Sarnia, which would have turned tar-like crude from oil sands in Alberta, Canada, into refinery-ready light oil, the company announced Tuesday.

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Consumers at fault for high prices says BP

Posted by mhudema on July 1, 2008

Oil giant blames consumers, not speculators, for soaring prices
Shaun Polczer
Canwest News Service

MADRID – Much-maligned speculators aren’t to blame for soaring oil prices, the head of Anglo oil giant BP PLC said Monday.

Rather, it’s consumers who have pushed demand for energy to new heights that are the cause of runaway crude prices, Tony Hayward told the inaugural session of the 19th World Petroleum Congress.

The rookie CEO of the world’s second-largest oil company said sky-high crude prices are “completely based on fundamentals,” and characterized speculators as “investors” rather than profiteers.

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BP Lied in Reporting

Posted by mhudema on June 29, 2008

Study: Emissions greater than in BP initial Reports
June 29, 2008
By Gitte Laasby Post-Tribune staff writer
BP has said publicly it will increase emissions of several air pollutants by more than 20 percent when the modernized Whiting refinery is complete in 2011.
But pollution released into Northwest Indiana’s air could be much worse than that, according to a report BP commissioned and submitted to the Indiana Department of Environmental Management. The Post-Tribune obtained the report under a public information request.
The oil giant has said its emissions of tiny smoke and soot particles — which can cause asthma, heart attacks and premature death — would increase by 114 tons in 2011 compared to 2006.

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Toxic Tour shows another aspect of Tar Sands Horror Show

Posted by mhudema on May 22, 2008

Environmental Groups Offer ‘Toxic Tour’ Of BP Refinery

Wednesday, May 21, 2008 10:23 AM CDT
As a spin-off of the Green Fest occurring this weekend in Chicago, environmental groups guided community members and media representatives around BP’s Whiting, Ind., oil refinery. The tour pointed to current sources of pollution, emphasizing that a planned expansion would boost the facility’s greenhouse-gas emissions to 5.8 million tons a year—the equivalent to adding 320,000 cars to the nation’s highways.

BP has proposed the expansion in order to refine low-grade crude from the environmentally devastating Canadian tar sands. Nearly 65 percent of the oil produced in the tar sands comes into the United States.

Complementing First Nations and international environmental opposition to development of the tar sands, local groups are opposing BP’s proposed expansion. The Calumet Project and the Global Community Monitor have appealed an air permit granted for BP’S proposed expansion, which would allow for increased sulfur dioxide, lead and particulate matter emissions.
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Investors Decry BP’s Entry Into Tar Sands

Posted by mhudema on April 18, 2008

Statement to be submitted at BP annual meeting today in London

(CSRwire) BOSTON, MA – April 16, 2008 – A group of American and British investors released a statement today expressing disappointment at BP’s (NYSE: BP) investment in the Canadian tar sands, calling the move a “disturbing step backwards.” A representative from the Ecumenical Council for Corporate Responsibility intends the statement at BP’s annual stockholder meeting, which is taking place today at ExCeL London in London Docklands at 11:30 a.m. GMT. The investor group includes Trillium Asset Management, Boston Common Asset Management, MMA Praxis Mutual Funds, Christian Brothers Investment Services, the Ecumenical Council for Corporate Responsibility, Rathbone Greenbank Investments, Newground Investments, Pax World, Northstar Asset Management, Sierra Club Funds and Green Century Capital Management.

In December 2007, BP announced its entry into the tar sands business via two joint ventures with Husky Energy of Canada (Toronto: HSE.TO) with a total joint investment of $3 billion. Husky brings its “Sunrise” oil sand project to an upstream partnership, and BP will contribute a refinery based in Toledo, OH. The first output is expected to commence in 2012, and build to 200,000 barrels per day within a decade.

Citing the heavy environmental footprint of the tar sands, which have caused Canada to fall behind in meeting its Kyoto Protocol commitments, the statement also raises questions about BP’s long term business strategy. “We fear the implication that BP is retreating from an excellent strategic position designed to exploit the long term shift away from high-carbon fuel sources, and question whether this may undermine [BP’s] future competitiveness…..We do not wish to see the benefits of BP’s leadership as a renewable energy innovator and market leader to be offset by the harsh environmental impacts unleashed by tar sands development.”
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Greenwasher of the decade….

Posted by mhudema on February 25, 2008

And the greenwasher of the decade is …

… no, it’s not Toyota (but don’t get me started). And no, it’s not Wal-Mart (I’ll be doing a piece on them later). No, it’s not GM, though they are trying hard, really hard. No, the winner, which has all the others over the proverbial barrel, is British Petroleum.

bp-subvertpreview.jpg

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