Oil Sands Truth: Shut Down the Tar Sands

Social Impacts

Social Impacts. Overnight injections of migrant workers will not build healthy communities and can have severely adverse impacts on existing communities, especially those of indigenous nations on their traditional lands. Such development brings vices and long term displacement too often. Drugs, alcohol and associated violence spreads. Hunting becomes difficult when the land is threatened, leading to a further loss of culture and tradition. In towns like Fort McMurray there is no planning for the future, but merely consumption in the present. However transient the individuals may be, the populations will not leave, as “development” takes on a logic all its own. All levels of run away development are subordinate to that development, not social need.

warning: Creating default object from empty value in /var/www/drupal-6.28/modules/taxonomy/taxonomy.pages.inc on line 33.

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.

Tar Sands tailings poisons muskeg and nearby First Nations community

Tar Sands tailings poisons muskeg and nearby First Nations community
By Ben Powless
| November 26, 2010
Rabble

[photos in original linked at bottom]

The trip out to the tar sands tailings pond reminded me of other recent trips to places where indigenous people were trying to survive.

Dirty Oil, Dirty Money: Who is Funding the Tar Sands Resistance?

by Sandra Cuffe
November 26, 2010
Vancouver Media Co-op

After years of online discussion and personal debates, anti-tar sands activists and Indigenous community members are taking the controversy around the role of Environmental Non-Governmental Organizations (ENGOs) in resistance movements to a public forum.

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.