STOP: Stop Tar Sands Operations Permanently

Just another WordPress.com weblog

Posts Tagged ‘investors’

Investing in Environmental Destruction and Cultural Genocide

Posted by mhudema on June 17, 2008

Petroleum meeting greeted by protesters

Investors at a petroleum symposium in Calgary Monday were challenged to taste water taken from Lake Athabasca in northern Alberta.
Investors at a petroleum symposium in Calgary Monday were challenged to taste water taken from Lake Athabasca in northern Alberta. (CBC)Oilsands protesters challenged investors at a Calgary petroleum conference on Monday to drink from bottles of murky water from Lake Athabasca, which sits near Alberta’s major oilsands developments.

Environmentalists joined residents from the Fort Chipewyan area in northern Alberta at the annual symposium of the Canadian Association of Petroleum Producers to ask the oil and gas industry to slow down development long enough to fully study the water supply downstream from oilsands projects.

The protesters also wanted to attract the attention of hundreds of investors at the symposium.

“Our kids, my children, they swim in that water. They drink that water every day. They drink it and we drink it out of our taps, so if it’s safe, they should be able to take a drink of it too,” Lionel Lepine, a member of the 1,500-member Athabasca Fort Chipewyan First Nation, told CBC News outside the downtown meeting. Read the rest of this entry »

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

Shell ‘selling Suicide’ by preferring Tar Sands to wind

Posted by mhudema on May 22, 2008

Shell ‘selling suicide’ by preferring tar sands to wind

Shell was accused yesterday of “selling suicide on the forecourt” by pressing ahead with tar sands operations in Canada and continuing to flare off excess gas in Nigeria while pulling out of renewable schemes such as the London Array – the world’s largest offshore wind scheme.

The accusation that Shell was irresponsibly adding to climate change was made by an unnamed shareholder at its annual meeting in The Hague after Shell chief executive Jeroen van der Veer insisted the company was doing all it could to meet rising demands for energy while reducing CO2 emissions. Shell would listen to all stakeholders but he warned “ultimately it will not be possible to meet fully everyone’s expectations”.

Linda Cook, Shell’s executive director of gas and power, defended the decision to put its stake in the London Array up for sale. The economics did not meet the group’s “hurdles rate”, she said. In terms of unit costs it was “two and a half times cheaper to build onshore projects in the US” than to pursue the scheme off the Kent coast, she explained, insisting Shell remained committed to renewables.

Read the rest of this entry »

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