Finance
Oil-ympics Come To Trafalgar Square
Article | Corruption & Ethics | Environment | Human Rights | IOC | Sponsors | Vancouver 2010
photo © Marina Watson Peláez
On Saturday, 13 February at 12 noon, UK and Canadian environmental activists opened the ‘Oil-ympics’ at Canada House in Trafalgar Square. The event, timed to coincide with the opening of the 2010 Winter Olympics in Vancouver, highlighted the role of British companies in the single biggest industrial project on earth, the Canadian Tar Sands (1).
The Oil-ympics event saw activists 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 (2).
BP 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 – a venture that is facing sharp criticism from BP’s own shareholders (3,4).
Alice Hargreaves, of the UK Tar Sands Network, said: “BP has been trying to prove that they are ‘Beyond Petroleum’ for years, but with their entry into the Tar Sands project, we can see the truth: Beyond Petroleum is nothing more than a Broken Promise.(5) BP shareholders are rebelling over this betrayal, and so are we. Over the next two months, we’ll be putting the pressure on to make sure BP get the message – stay out of the Tar Sands!”
Shell has been 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. (6)
photo © Victoria Habermehl, tarsandsinfocus
Notes:
(1) 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: see Environment Canada, 2007, National Inventory Report Greenhouse Gas Sources and Sinks in Canada 1990–2005, http://www.ec.gc.ca/pdb/ghg/inventory_report/2006_report/som-sum_eng.cfm
(2) This action is in solidarity with Canadian First Nations who have called for a moratorium on the Tar Sands. For more information see the Indigenous Environmental Network: http://www.ienearth.org/cits.html
(3) 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. In return for a half share of Husky’s Sunrise field in the Athabasca region of Alberta, the epicentre of the Tar Sands industry, BP has sold its partner a 50 per cent stake in its Toledo oil refinery in Ohio. 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.
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7038865
http://www.bloomberg.com/apps/news?pid=20601082&sid=aGw2sL7JwHG8
(4) A coalition of shareholders has tabled a resolution for BP’s AGM on April 15 highlighting the environmental and social risks of Tar Sands extraction. http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article7018483.ece
(5) http://tarsandsinfocus.wordpress.com/bpbrokenpromises/
(6) For Shell Investments see http://www.foei.org/en/resources/publications/pdfs-members/economic-justice/shells-big-dirty-secret/view?searchterm=shell%27s%20big%20dirty%20secret
For RBS investments see http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/
Originally posted on Indymedia UK by UK Tar Sands Network
- e-mail: tarsandsinfocus@googlemail.com
- Homepage: http://www.tarsandsinfocus.wordpress.com
Climate Camp Invades BP Petrol Stations Over Tar Sands
On Saturday 13th February activists from the South Coast neighbourhood of the Camp for Climate Action invaded the three BP petrol stations in Brighton, on the Lewes Rd, Ditchling Rd and London Rd, to protest at BP's plans to invest in the Alberta Tar Sands in Canada. Moving by bicycle 8 activists carried a banner reading 'Tar Sands Oil Is Blood Oil'. They handed out information on the Canadian tar sands and BP's plans to invest in it to customers and urged them to boycott BP.
Many of BP's customers where shocked to hear about BP's proposed involvement in one of the dirtiest businesses on earth, especially in the light of its past attend to project a green image, and in some cases left immediately left to get their fuel somewhere else. This action is the start of a campaign, which is hoped will spread across the UK. A one of the Brighton activists said: "We hope that other concerned local people across the UK will follow our example and begin putting the pressure on BP in their areas. Tar sands are an appalling example of placing insane greed ahead of the whole planet and everyone on it."
Tar sands are deposits of tar, sand and clay under the forests of Alberta in western Canada. Tar sands extraction is an ecological disaster, sometimes referred to as 'The biggest environmental crime in history'. Oil produced from tar sands is the filthiest most carbon intensive oil (over 3 times as much CO2 to produce as conventional oil). The Athabasca tar sands operations are the largest single industrial emitter of CO2 on the planet. Enough natural gas is used every day extracting this oil to heat 3.2 million Canadian homes.
Tar sands extraction involves the wholesale destruction of vast tracts of ancient forest over an area the size of England and Wales and the use of huge amounts of water that is left so contaminated that it must be stored in giant ponds. The toxic tailings ponds are so vast they can be seen from space. Leaks for these ponds are poisoning local rivers and the indigenous peoples that live there. The rush to extract oil from tar sands is also trampling on the rights of the local indigenous peoples.
While the tar sands are in Canada, much of the financing is coming from UK companies. BP which once tried to rebrand itself as `Beyond Petroleum' to give itself a green image is planning on investing $10billion in the Sunrise Project a tar sands extraction project in Alberta. This week a number BP's shareholders have started a revolt and are pressuring BP to stop. Other UK companies that are involved in tar sands include Shell, RBS and Barcalys.
Submitted by Steve Dowding on Tue, 16/02/2010 - 13:59.
LOCOG's Food Vision 'completely out of touch'
Article | 2012 Business | 2012 Sustainability | Health | Sponsors
Local food suppliers and health and animal welfare campaigners have criticised LOCOG’s recently issued Food Vision. LOCOG claims it will 'showcase the best of British food in 2012'. However, Compassion in World Farming and the RSPCA disagree. Rowen West-Henzell, Compassion in World Farming’s Head of Food Business said: "The resulting food vision is conspicuous - not for being visionary, but for being completely out of touch with the growing food culture in Britain and what, as a nation, we might wish to eat at our Games." The British Heart Foundation complain that about 3 million of the 14 million meals will be served by McDonalds. Ruairi O'Connor, head of policy at the British Heart Foundation, said: "Health does not seem to be high on the agenda."
Submitted by Julian Cheyne on Fri, 18/12/2009 - 03:06.
'Positive Dialogue' - ODA threatens libel action against Leabank Square Blog
Article | 2012 Construction | 2012 Legacy | 2012 Media | Corruption & Ethics | Environment | Human Rights | Protest
After more than a year of seriously annoying and disturbing the residents of Leabank Square with dust and noise from its construction project the Olympic Delivery Authority has further turned the screw by insisting that residents should desist from denouncing a member of staff. In comments, although not in articles, posted on the Leabank Square blogspot residents had vigorously condemned the performance of the ODA’s community relations manager, Giorgia Sharpe. The author of the blog was threatened by an ODA lawyer with libel action if he didn’t remove the criticisms.
Submitted by Julian Cheyne on Fri, 28/08/2009 - 15:48.
"Olympic Reporters' Secret Club"
Article | 2012 Media | Chicago 2016 | Corruption & Ethics | London 2012
By Andrew Jennings, Sunday 21 June, 2009
Swiss bagman Jean-Marie Weber who admitted in court last year that he paid $100 million in kickbacks to sports officials in return for lucrative marketing contracts was at it again in Lausanne last week, schmoozing wannabee Olympic 2016 hosts Chicago, Rio, Madrid and Tokyo.
Submitted by Steve Dowding on Sun, 19/07/2009 - 17:14.
Chicago 2016 Admits Lying to Public
Article | Applicant Cities | Chicago 2016 | Corruption & Ethics | Displacement | Environment | Finance | Funding | Politics | Regeneration
As reported by Crain’s Chicago Business reporter, Greg Hinz:
Olympic chief admits errors, but promises full disclosure
Submitted by Steve Dowding on Fri, 26/06/2009 - 09:56.
IOC among the world’s least accountable organisations
Article | Corruption & Ethics | IOC | Olympics Studies
Many of the world’s most powerful corporate, intergovernmental and non-governmental organisations are not answerable to the people they affect according to ‘The Global Accountability Report’ (GAR), released [in Dec 2008] by one of the world’s leading global governance think tanks, the One World Trust.
At a time when serious global challenges such as the credit crunch are devastating lives, businesses and economies across the globe, all thirty organisations in the report failed to score over 80% when assessed against the think tanks accountability indicators – a level the One World Trust says indicates accountability reforms beyond the basic minimum.
Submitted by Martin Slavin on Sun, 17/05/2009 - 18:12.
Construction Workers demonstrate for legal and fair working conditions at Olympic site
Article | 2012 Construction | Corruption & Ethics | Human Rights | Jobs | Protest | Skills Training
Submitted by Martin Slavin on Sun, 10/05/2009 - 20:57.
Olympic Boroughs' hidden spending spree
Article | 2012 Finance | Funding | Hackney | Newham | Tower Hamlets | Waltham Forest
Recent Freedom of Information responses from 2012 Olympics 'host boroughs' confirm the suspicion that local council funds and resources are being diverted into Olympics matters in ways that are not easily identifiable or accounted for. The lack of transparency and thorough accounting procedures make it almost impossible to calculate how much council tax payers are contributing to the 2012 Olympics as a whole, over and above the highly publicised £9.3billion budget.
Submitted by Charles Batsworth on Wed, 06/05/2009 - 11:40.
Cost overruns are endemic to mega-projects
Article | Displacement | Economics | Planning & Development | Politics | Protest | Regeneration | Sustainability
Professor Bent Flyvbjerg took up his post as Chair of Major Programme Management at the Said Business School at Oxford University on April 1st 2009.
“In a landmark study, ....[he] analysed over 250 major transport infrastructure projects and found that 90% went over budget — and that the benefits averaged only half of those promised. This was so consistent that Flyvbjerg concluded it amounts to “strategic misrepresentation”, and that the culprits are politicians and bureaucrats competing for scarce public resources or seeking to get a suspect project off the ground to make political capital.“
Submitted by Martin Slavin on Sun, 26/04/2009 - 17:46.
Tessa tells us 50,000 homes!
Article | 2012 Legacy | Corruption & Ethics | Housing | Legacy | London 2012 | Politics | Private Housing | Regeneration | Social Housing
Flagged up recently on our newsgroup was an article on the opendalston blog on the financial difficulties facing developers Barratts, contractors for the so-called Dalston Olympic Transport Interchange and numerous building projects around Stratford High St.
Submitted by Steve Dowding on Thu, 26/02/2009 - 01:15.



