STOP: Stop Tar Sands Operations Permanently

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Posts Tagged ‘investor conference’

Rally targets oilsands investors

Posted by mhudema on June 18, 2008

By CAROL CHRISTIAN
Today staff
Tuesday June 17, 2008

“Stop funding our death” was one message sent to investors Monday during a protest at the Oil and Gas Investment Symposium hosted by the Canadian Association of Petroleum Producers in Calgary.

“Our community of Fort Chipewyan is in direct threat of being extinct because of the fact that the tarsands are polluting the water,” said Lionel Lepine of the Athabasca Chipewyan First Nation. “I want the whole world to know we have a crisis going on in our town.”

The protest was spearheaded by the First Nations communities as well as environmental groups such as Sierra Club Prairie, Greenpeace Canada and ForestEthics.

Challenges for people to drink water from Lake Athabasca were unanswered. Many in the First Nations community say the lake is toxic, contaminated by the oilsands.

Protesters didn’t have an opportunity to interact with investors. They were already inside the Hyatt Calgary which was “pretty secure,” said George Poitras of the Mikisew Cree First Nation. A number of people were watching the rally, some believed to be investors or staff from the various companies attending the symposium.
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Energy firms put on the spot

Posted by mhudema on June 17, 2008

Symposium lures investors and protesters
Jon Harding
Calgary Herald
Monday, June 16, 2008

Oil and gas companies swimming in cash. Protesters handing out bottles of Athabasca River water.

Both await 350 of the top institutional investors in the Canadian oilpatch as the Canadian Association of Petroleum Producers (CAPP) investment symposium begins Monday in Calgary.

The annual CAPP event opens with a different backdrop to a year ago, when drilling activity in Western Canada was in a rut and capital markets were dry as dust, particularly for scores of Canada’s junior and intermediate explorers.

Oil prices are fluttering towards $140 US a barrel and natural gas prices are up roughly 70 per cent since January — an almost immeasurable difference, although one that investors in equities have still not taken completely to heart. Some Canadian oil and gas stocks are up but the group as a whole has lagged behind growth in surging oil and natural gas.

Meanwhile, the world’s focus on Alberta’s oilsands has recently intensified amid global supply constraints and growing concern about the massive play’s environmental footprint.

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Energy firms put on the spot

Posted by mhudema on June 16, 2008

Symposium lures investors and protesters
Jon Harding
Calgary Herald

Oil and gas companies swimming in cash. Protesters handing out bottles of Athabasca River water.

Both await 350 of the top institutional investors in the Canadian oilpatch as the Canadian Association of Petroleum Producers (CAPP) investment symposium begins Monday in Calgary.

The annual CAPP event opens with a different backdrop to a year ago, when drilling activity in Western Canada was in a rut and capital markets were dry as dust, particularly for scores of Canada’s junior and intermediate explorers.

Oil prices are fluttering towards $140 US a barrel and natural gas prices are up roughly 70 per cent since January — an almost immeasurable difference, although one that investors in equities have still not taken completely to heart. Some Canadian oil and gas stocks are up but the group as a whole has lagged behind growth in surging oil and natural gas.

Meanwhile, the world’s focus on Alberta’s oilsands has recently intensified amid global supply constraints and growing concern about the massive play’s environmental footprint.

Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , , , , , , , , , | Leave a Comment »