London Rising Tide
c/o LARC
62 Fieldgate St
London E1 1ES
07708 794665 email us
LRT meets every Thursday. Come along and get involved!
All our meetings are at 7:30pm at LARC at the address above. The nearest tube is Whitechapel. Everyone is welcome. (We will not meet on Dec 22nd and Dec 29th. First meeting of the new year - 5th Jan).
Submitted by burningplanet on Fri, 2010-04-23 10:01.
The Oil-ympics saw activists from London Rising Tide and the London Tar Sands Network divided into three teams: BP, Shell and RBS, all ready to ‘Race to the Tar Sands’. Traditional winter sports were subverted to illustrate the irony of Canada portraying the Vancouver Winter Olympics as an event which celebrates Canadian indigenous culture and environmental sustainability, while in the neighbouring province of Alberta, Canadian First Nations are finding that their lands, communities and health are being devastated by the Tar Sands.
Deposits of Tar Sands are spread out over 54,000 square miles of prime forest in northern Alberta, an area the size of England and Wales combined. Producing crude oil from the Tar Sands generates up to five times more carbon dioxide, the principal global warming gas, than conventional drilling.
Shell was singled out as it is already a major operator in the Tar Sands, and RBS as it is the 7th biggest global investor in the Tar Sands. BP however, received special attention after it recently unveiled plans to embark on its first Tar Sands extraction project. BP had previously sold its potential stake in Alberta in 1999, when BP’s chief executive at the time, Lord Browne, deemed Tar Sands extraction to be economically unviable and environmentally unpleasant. However, BP’s new chief executive, Tony Hayward, is now set to make BP a major player in the Tar Sands with a partnership with Canada’s Husky Energy. BP has entered a joint venture with Husky Energy to develop a Tar Sands facility which will be capable of producing 200,000 barrels of crude a day by 2020. The companies plan to invest $10 billion in the project, making BP a major player in Tar Sands extraction. The final investment decision will be made in the next few months.
Even the BP shareholders realise this venture is a mistake and are voicing their criticism. A coalition of shareholders has tabled a resolution for BP’s AGM on April 15 (a date for the diary) highlighting the environmental and social risks of Tar Sands extraction.
BP has been trying to prove that they are ‘Beyond Petroleum’ for years, but with their entry into the Tar Sands project, we can all see the truth: Beyond Petroleum is nothing more than a Broken Promise.
Over the next two months, London Rising Tide and the London Tar Sands Network will be ramping up the pressure to make sure BP get the message – stay out of the Tar Sands!