Bloody Oil

Bloody Oil

15th of April BP holds their AGM

George Poitras, member of Mikisew Cree indigenous First Nation talks about the issues of pollution and cancers suffered by many of the First Nations people as a result of the Oil companies action extractive industries.

“My people are dying, and we believe British companies are responsible. My community, Fort Chipewyan in Alberta, Canada, is situated at the heart of the vast toxic moonscape that is the tar sands development. We live in a beautiful area, but unfortunately, we find ourselves upstream from the largest fossil fuel development on earth. UK oil companies like BP, and banks like RBS, are extracting the dirtiest form of oil from our traditional lands, and we fear it is killing us.” – George

BP has been prompted to disclose much information that has not been publicly available before. Tar sands has become a hot topic among the investment community and BP has been subject to a far higher level of investor scrutiny on the issue than ever before.

The shareholder resolution about BP’s involvement in tar sands production was discussed and put to the vote at the oil major’s AGM. Results presented by BP at the meeting show that almost 15% of voters either supported the resolution or abstained despite the board’s recommendation to reject it. This is a significant expression of concern about the company’s decision to invest in new tar sands projects.

 

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