Oil Sands Truth: Shut Down the Tar Sands

International oil & gas

Stock markets and global oil interests (including war) would be included here, as would attempts to get oil out of high risk, low return areas from oil shale in Colorado, to natural gas and heavy oil in the high eastern Arctic. The tar sands are part of this trend and should be seen as such. What happens with the tar sands will have a tremendous impact on what kind of choices are made elsewhere, environmentally and socially.

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International Oil & Gas is a category for stories relating to tar sand production or climate change but not in any of the projects already listed geographically. This includes other regions of the planet with horrible environmental and high energy costs that, like the tar sands, are only a "choice" because of high prices and the global depletion of easily recoverable oil reserves. Such issues as the threat of war on Iran, "instability" in Iraq and Venezuela or disasters like Katrina will all drive up oil prices, which in turn doubly encourages tar sand production-- by price demand and energy demand. Stock markets and global oil interests (including war) would be included here, as would attempts to get oil out of high risk, low return areas from oil shale in Colorado, to natural gas and heavy oil in the high eastern Arctic. The tar sands are part of this trend and should be seen as such. What happens with the tar sands will have a tremendous impact on what kind of choices are made elsewhere, environmentally and socially.

Devastation, Madagascar

France's Total and US based Madagascar Oil tangle with military governments to push tar sands projects forward

Macdonald Stainsby

December 27, 2010
Mediacoop.ca

Madagascar Oil suspends share trading

Madagascar Oil declares it would 'robustly defend its position' after the Madagascar government said it wants to acquire its licences

* Tim Webb
* guardian.co.uk, Friday 17 December 2010

The flotation of Madagascar Oil must go down as this year's most unfortunate. In a move which will be hailed as victory for the world's lemur-lovers, the oil sands developer, which listed on Aim a little more than two weeks ago, announced this morning that it had suspended trading in its shares.

The Return of Madagascar's Oil

The return of Madagascar’s oil

Posted on November 30, 2010
by Jeremy
Make Wealth History

This week Madagascar Oil was floated on London’s Alernative Investment Market (AIM), raising £50 million.

Tertzakian: Tar sands being claimed by cash-rich and resource-hungry Asia

Tertzakian: Oilsands being claimed by cash-rich and resource-hungry Asia

By Peter Tertkzakian, Calgary Herald November 29, 2010

Alexander Dumas, 19th century French author of classics such as The Three Musketeers, offered a simple MBA formula, “Business? It’s quite simple. It’s other people’s money.”

BP & Husky approve new tar sands project

Husky approves new oilsands project
Monday, November 29, 2010
CBC News

Calgary-based Husky Energy made three major announcements Monday, saying it has given the go-ahead for a $2.5-billion oilsands project, is cancelling plans to sell off its operations in southeast Asia and has acquired oil and gas properties in western Canada for $860 million.

The company said its board has agreed to proceed with the first phase of its Sunrise oilsands project in northern Alberta. That is due to produce 60,000 barrels per day when completed.
Husky Energy 3-month chartHusky Energy 3-month chart

Madagascar Oil brings tar sands project to London market

The Voahary Gasy, an alliance of Madagascan environmental groups, complains that the government has released very little information

* Tim Webb
* The Guardian, Monday 29 November 2010
* Article history

Poor children in Madagascar forced to scavange on rubbish tip Children forced to scavenge from a rubbish tip in Madagascar. The IMF ranks Madagascar as the 170th poorest among 182 countries. Photograph: Siphiwe Sibeko/Reuters

The Whole World is Downstream

The Whole World is Downstream
Community members say negative impacts of the tar sands have a global reach

by Sandra Cuffe
November 28, 2010
Vancouver Media Co-op

Community members impacted by tar sands development came together in Edmonton this weekend to make it explicit that the tar sands isn't just an issue in Alberta, or even just in Canada. Climate justice activists have long made the point that the tar sands are a leading driver of emissions worldwide.

Thailand's oil giant buys stake in Statoil Canada tar sands project

Thailand's oil giant buys stake in Statoil Canada oil sands project
MCOT.net

BANGKOK, Nov 23 - PTTEP Netherland Holding Limited (PTTEP NL) on Monday signed a partnership unit sale agreement with Statoil Canada Ltd and Statoil Canada Holdings Corp (subsidiaries of Statoil ASA or Statoil) for a 40 per cent stake in the Kai Kos Dehseh Oil Sands Project (KKD) in Canada.

PTTEP NL is a subsidiary of Thailand's PTT Exploration and Production, and Statoil a world leader in heavy oil and deep water exploration and production.

Statoil May Sell U.S. Gulf Assets After Canada Tar Sands Stake

Statoil May Sell U.S. Gulf Assets After Canada Oil Sands Stake
November 23, 2010, 8:40 AM EST

By Marianne Stigset

Nov. 23 (Bloomberg) -- Statoil ASA, Norway’s biggest energy company, said it may divest holdings in the Gulf of Mexico after selling a stake in its oil sands project in Canada for $2.28 billion to PTT Exploration & Production Pcl.

Nexen earnings rise fourfold

Mechanical problems still plaguing Long Lake

By Jeffrey Jones, Reuters October 29, 2010

Nexen Inc. and Cenovus Energy Inc. on Thursday said operational problems weighed on their quarterly results, prompting investors to pull away from shares of the Canadian tarsands producers.

The issues were both internal and external, and highlighted complexities of developing Alberta's tarsands, the largest crude-oil source outside the Middle East.