Posts Tagged ‘Oil Sands’

Canadian Oil Sands – ExxonMobil (2012)

Wednesday, January 11th, 2012

WHEREAS:
ExxonMobil has significant investments in the Canadian oil sands. 
ExxonMobil owns 69.6 percent of Imperial Oil, one of Canada’s largest oil companies. Imperial is 100 percent owner of the Cold Lake oil sands project and is the operator and 25 percent owner of Syncrude. ExxonMobil and Imperial jointly own and operate 100 percent of the Kearl [...]

ExxonMobil – Environmental Impact of Oil Sands

Thursday, January 13th, 2011

WHEREAS
ExxonMobil has significant investments in the Canadian oil sands.
ExxonMobil owns 69.6% of Imperial Oil, one of Canada’s largest oil companies. Imperial is 100% owner of the Cold Lake oil sands project and also owns 25% of Syncrude. ExxonMobil and Imperial jointly own and operate 100% of the Kearl oil sands project.
According to ExxonMobil’s 2009 10-K, [...]

ConocoPhillips – Environmental Impact of Oil Sands

Thursday, January 13th, 2011

WHEREAS
ConocoPhillips has extensive interests in oil sands operations (11% of proved reserves as of 12/31/09) in the Canadian boreal forest region. Our company is the operating partner of the Surmont oil sands venture and is a partner in the FCCL Oil Sands Partnership, in addition to having interests in other properties.
Oil sands extraction requires heavy [...]

Tar Sands Shareholder Proposals Pick Up Steam in 2010

Monday, March 29th, 2010

In a show of how seriously investors, environmentalists and advocates are looking at the environmental costs and financial uncertainties associated with tar sands, support has grown dramatically for shareholder resolutions filed at major oil companies. This movement parallels increased activity on the part of more than 50 nongovernmental organizations working to slow down the expansion [...]

ConocoPhilips – Environmental Impacts of Oil Sands

Thursday, February 4th, 2010

WHEREAS
ConocoPhillips has extensive interests in oil sands operations in the Canadian boreal forest region. Our company is the operating partner of the Surmont oil sands venture and is a partner in the FCCL Oil Sands Partnership, in addition to having interests in other properties.
Oil sands extraction presents a unique set of challenges due to its [...]

ExxonMobil – Environmental Impacts of Oil Sands

Thursday, February 4th, 2010

WHEREAS
ExxonMobil has significant investments in the Canadian oil sands. ExxonMobil owns 69.6% of Imperial Oil, one of Canada’s largest oil companies. Imperial is 100% owner of the Cold Lake oil sands project and also owns 25% of Syncrude. ExxonMobil and Imperial jointly own and operate 100% of the Kearl oil sands project. According to ExxonMobil’s [...]

ConocoPhillips Shareholders Show Strong Support for Tar Sands Proposal

Thursday, May 14th, 2009

BOSTON – May 14, 2009.  ConocoPhillips shareholders demonstrated even stronger  support this year than last for a shareholder proposal calling for the company to fully account for the environmental impact of its tar sands operations. Over thirty percent (30.54%) of shareholders voted in support, compare to last year’s vote of 27.5%. The “yes” vote represented [...]

ConocoPhillips – Environmental Impacts of Oil Sands

Thursday, February 12th, 2009

WHEREAS
ConocoPhillips has extensive interests in oil sands operations in the Canadian boreal forest. ConocoPhillips holds a 9% interest in Syncrude; is the operating partner of the Surmont oil sands; and is a partner in the FCCL Oil Sands Partnership. Total production capacity for these projects is estimated at 950 MBD within the next few years.
The [...]

Investors Decry BP’s Entry Into Tar Sands

Thursday, April 17th, 2008

INVESTORS DECRY BP’S ENTRY INTO TAR SANDS
Statement to be submitted at BP annual meeting today in London
 
Contacts: Shelley Alpern, Trillium Asset Management Corporation
(617) 292-8026, x 248
Lauren Compere, Boston Common Asset Management
(617) 720-5557
April 17, 2008 (Boston) – A group of American and British investors released a statement today expressing disappointment at BP’s (NYSE: BP) investment in [...]

Tar Sands Development Stickier Than Anticipated

Thursday, April 10th, 2008

In a rational global economy not entirely driven by short-term profit maximization, the collective body politic of all nations would have applied the precautionary principal to the threat of climate change twenty years ago. We’d now be celebrating the fruits of two decades of aggressive efficiency measures, phased down fossil fuel use, and the mass [...]


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