French activist investor PhiTrust Active Investors is to quiz Total SA on the tar sands issue at the oil major’s forthcoming annual shareholder meeting.
PhiTrust says it will table a resolution on the risks involved in its tar sands operations in Alberta, Canada.
Fellow oil firms BP and Shell have faced similar shareholder resolutions on the tar sands issue in the past, but PhiTrust claims it is the first such resolution in France. Total is set to hold its Annual Shareholders’ Meeting in Paris on May 13.
Total has interests in several tar sands projects in Alberta’s Athabasca region through its Total E&P Canada subsidiary. In January it received conditional approval for its Joslyn North Mine Project, about 70km north of Fort McMurray – increasing Alberta’s approved mineable project area by about 7%.... Read more »
Proponents of the rapid expansion of the Alberta oil sands highlight the huge scale of the undertaking and the huge amount of money it brings to our Canadian economy. There is a growing mystique that the tar sands are so big and central to Canada's economy that, like it or not, we just can't afford to limit their growth.
Sure, the Alberta tar sands are a BIG undertaking. Then again, we are a nation that does lots of BIG things. Canada is a "can do" nation with a gigantic and varied economy. How big?
A SMALL SLICE OF THE MONEY PIE
The Canadian Energy Research Institute (CERI) says that the oil sands and oil sands-related activities accounted for 1.5% of Canadian GDP in 2000. They expect this to rise to perhaps 3.0% in 2020. For this article's charts and data I assumed 2% of GDP in 2008.... Read more »
Controversial Alberta parks legislation put on hold until this spring has now been quietly postponed again, indefinitely.
Environmentalists and legal experts have criticized Bill 29, the Alberta Parks Act, for taking away formal legal protections for Alberta parks. They also said it concentrated too much power in the office of the minister.
When the bill was on the verge of being passed in November, Tourism, Parks and Recreation Minister Cindy Ady suspended debate, saying she would review the concerns and introduce the legislation again this spring, with amendments.
"I have continued to listen to the views of Albertans," Ady wrote in an update posted to her department's website on Friday.
"While I had planned to bring park legislation back this spring, I will spend the time needed to address the main concerns raised by Albertans before moving forward with new legislation."... Read more »
There are many reasons to move to a sustainable energy system: fossil fuel supplies getting tighter, easy oil increasingly having to be replaced by uneasy oil, accelerating climate change. And most indications are that we'll have to go there as soon as possible.
But is it possible? And when? At Ecofys, we've been working for 25 years on our mission: "a sustainable energy supply for everyone." Two years ago, we figured it was about time to bring all our experts together to find out whether that really makes sense. Excited by our first findings, we found WWF willing to commission an in-depth study. And since today, the word is out! Or actually, 250 pages of it, in what's now called "The Energy Report." And the good news is: it's possible indeed, by 2050.... Read more »
CALGARY -- “More parks now, not Bill 29” is the updated rallying cry of lead groups, such as Sierra Club Canada, in the public campaign that last November successfully got the Stelmach government to stall passage of the Minister of Tourism, Parks and Recreation’s (TPR) controversial new parks legislation.
Bill 29 (the Alberta Parks Act) is designed to replace Alberta’s existing parks network and its overarching laws. Late this past Friday (4:54 pm), Minister Cindy Ady emailed an update announcing she won’t be bringing Bill 29 back to the spring sitting of the Legislature.
In November, within a few of weeks of its introduction in the Legislature, the Stelmach government received more than 2000 personal letters opposing Bill 29 - this despite no one in the public receiving advanced notice or having seen a draft of Bill 29.... Read more »