As Warren Buffett and Bill Gates’ trip to the oil sands continues to be be spun as positive news for the oil industry, here is Kenny Bruno’s second blog from Alberta that highlights the real story: “North of the tar sands empire, in a vast delta of lakes, seasonal ponds, winding rivers, marshes and small … Read More
tar sands
Welcome to Mordor
Warren Buffett and Bill Gates are not the only ones who have been touring Alberta’s Oil Sands recently. Oil Change’s Kenny Bruno has just visited the region as part of a delegation of environmental groups. Here is his first dispatch, which is the first of three posts from Kenny.. Kenny writes: “As we approached the … Read More
Buffett and Gates Tour Oil Sands
Two of the world’s richest men visited Alberta’s oil sands earlier this week, leading to speculation that one or both of them was going to invest is this dirty, polluting fuel. Warren Buffett, widely regarded as the world’s richest man and Bill Gates, the founder of Microsoft, who is hardly short of a bob or … Read More
ASA tells Shell “You can’t greenwash tar sands”
There was always going to be a massive problem for the oil industry over the massive gap between its green rhetoric and its recent investment in the most polluting fuel on the planet, tar sands. Moreover, how do you reconcile trying to be green whilst exploiting tar sands? Even more bizarrely why would you try … Read More
India to Invest up to $10 Billion in Tar Sands
As oil creeps towards an unprecedented $150 a barrel the Indian Petroleum and Natural Gas Minister Murli Deora has denied that India and China were responsible for the recent oil rise. Deori said that the growth in consumption in India was less than in many nations: “I take this opportunity to set the record straight. … Read More
Investors Rebel Against BP Tar Sands Investment
The financial backlash against BP’s investment in tar sands has begun. A group of American and British shareholders in BP have joined forces to protest over the oil company’s decision to start extracting oil from Canadian tar sands. Eleven fund managers, which together manage total assets worth more than $10 billion said that BP’s move … Read More