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Ottawa (AFP) Sept 30, 2009 Activists on Wednesday occupied two conveyor belts used to transfer bitumen from an open pit mine to a processing plant, demanding the closure of Canada's vast oil sands. Greenpeace members from Canada, France, Germany and Brazil occupied the site owned by Canadian oil giant Suncor, the second-biggest emitter of greenhouse gas emissions in the oil sands, to denounce their exploitation as a "climate crime." "The continued development of the tar sands threatens to derail international climate action and must be abandoned," Greenpeace said in a statement. Reached by phone, one of 23 activists said Suncor security did not intervene to stop the protest. Their sit-in comes two weeks after Greenpeace briefly stopped operations at a nearby Shell oil sands mine. At an estimated 175 billion barrels, Alberta's oil sands are the second largest oil reserve in the world behind Saudi Arabia, but they were neglected for years, except by local companies, because of high extraction costs. Since 2000, skyrocketing crude oil prices and improved extraction methods have made exploitation more economical, and have lured several multinational oil companies to mine the sands. Share This Article With Planet Earth
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![]() ![]() Beijing (AFP) Sept 30, 2009 China's 200-billion-dollar sovereign wealth fund said Wednesday it had acquired part of a Kazakh oil and gas producer for nearly one billion dollars, marking its latest investment in natural resources. China Investment Corp (CIC) has bought around 11 percent of the Global Depositary Receipts of JSC KazMunaiGas Exploration Production for 939 million dollars, CIC said in a statement on its ... read more |
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