Tag Archives: La Brea

Tar Sands development edging closer in Trinidad and Tobago?

Tar Sands development edging closer in Trinidad and Tobago?

RBC appears at Trinidad government forum extolling their record in Canada’s tar sands

by Macdonald Stainsby

April 19, 2011

Originally written for the MediaCoop.ca, & Reviewed by Media Co-op editors.

tar sands quarry in T&T, much smaller than planned strip mining in the region, used currently for pavement instead of (mock) oil.
tar sands quarry in T&T, much smaller than planned strip mining in the region, used currently for pavement instead of (mock) oil. Photo: Macdonald Stainsby

In December of 2010, Rainforest Action Network [RAN], issued a press release that was full of praise for the Royal Bank of Canada adopting a new framework around investments in companies involved in tar sands production.

RBC was coming under increasing pressure to end their investments in tar sands extraction, and on December 22nd of 2010 RAN announced an end to the campaign to force RBC to divest from tar sands production, citing a ‘victory’ when RBC announced their intentions to use Free Prior and Informed Consent [FPIC] in evaluating future investments in energy and related projects.

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