STOP: Stop Tar Sands Operations Permanently

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Posts Tagged ‘socially responsible’

Investment and the Tar Sands

Posted by mhudema on June 27, 2008

June 26, 2008

Shelley Alpern on How Tar Sands Perpetuate Petro-Addiction
by Bill Baue

SocialFunds writer Bill Baue speaks with Shelley Alpern of Trillium Asset Management about its shareholder activism on oil company exploitation of tar sands.

SocialFunds.com — In a 2006 Rolling Stone interview, Al Gore infamously likened the practice of extracting oil from tar sands to “junkies find[ing] veins in their toes” to inject heroin. Gore’s image simply extends to its logical conclusion George Bush’s 2006 State of the Union “addicted to oil” metaphor. Clean, renewable energy represents a healthy cure for petro-addiction. Tar sands, which increase the carbon intensity of petroleum extraction, represent an exacerbation of the climate-changing addiction — kind of like trying to cure heroin addiction by injecting arsenic.

SocialFunds writer Bill Baue recently spoke with Shelley Alpern, director of social research and advocacy at Trillium Asset Management, about her shareholder activism asking oil companies such as ConocoPhillips and BP to assess and disclose the social, environmental, and financial risks of tar sands exploitation.
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