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Extreme Energy development is a risk for investment and the planet, Indigenous delegates tell Royal Dutch Shell shareholders
Tuesday May 21st, The Hague, Netherlands – Today members of the Athabasca Chipewyan First Nation (ACFN) and the Native Village of Point Hope, Alaska attended the Royal Dutch Shell AGM to confront the Chairman and Board over Shell’s decision to pursue highly risky ‘extreme energy’ projects without adequate consultation and accommodation of Indigenous communities. Projects such as Arctic off-shore drilling and tar sands will have little long term benefit for the company, and expose it to reputational damage, political and financial risk, including litigation.
Press Release | Posted: Feb 21, 2013
A failure to carefully regulate the Canadian bitumen industry is putting Canada on a dangerous economic and environmental trajectory, says a new report released today by the Canadian Centre for Policy Alternatives (CCPA) and the Polaris Institute.
The study’s original, integrated analysis shows that the current bitumen path is creating the double threat: a “staples trap,” whereby the faster Canada exports its bitumen, the less diversified, productive and resilient the economy becomes;” and a “carbon trap,” which locks Canada into an carbon dependent development path, making the costs of future climate adaptation much more difficult.