Environmental Criticism of Rock Project Funding



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More than 400,000 people representing 138 countries have signed an international petition sponsored by Greenpeace, the organization Greenpeace, against the financing of oil sands pipeline projects through 12 banks and banks. multinational financial institutions that finance.
Greenpeace sent its memorandum to Credit Suisse Switzerland, Barclays UK, JPMorgan Chase USA, Toronto Dominion Canada, Royal Bank of Canada Canada, Citibank USA, Deutsche Bank Germany, Bank of Tokyo Mitsubishi Japan, Crédit Agricole France, Wales Farco USA, BPV USA, Spain and Mizuhu Japan.
The petition specifically asks the 12 banks to immediately end their financial ties with the oil projects and the companies involved in the construction of these pipelines, as well as with the main company responsible for the construction and management of the oil pipelines extracted sand, the Dakota ExxPipe Pipeline (DPL).
"The extraction of shale oil causes a global warming higher than that of conventional oil and causes irreversible damage to the environment," he said.
Greenpeace intends to convince these banks and international financial institutions that more and more people around the world are asking them to take responsibility for climate policy.
Greenpeace explained the destructive way in which oil is extracted from sand or rocks.
According to a report by Dr. Carl Clarke, who patented a hot water sand extract, a professor who works for the Alberta County Research Council of the Northeast, one of the richest sand dunes in the world.
"According to this destructive method, the drilling is very deep in the soil and very hot water is poured on the sand containing bitumen or oil, so that the bituminous sand is mixed with oil. Hot water to form a mixture of mud, Mix the tar sands from the mine to the extraction plant.
The clay mixture is then placed in large rotating drums into which hot water and steam are poured, then the sandstone molecules start to separate from the sand atoms and hang on to small bubbles. air.
The clay is then prepared for sieving and placed in large conical separation vessels.The mixture is separated into three layers: sand, water and bitumen, through which the sand tar is harvested with the help of a foam-shaped foam.
The large grains of sand are then placed at the bottom to be pumped to landfills. All very small particles of bitumen and minerals are called mixed, where they remain in a layer of intermediate water to be extracted and pumped through the pipes to an extraction facility.
In Zurich, the financial capital of Switzerland, Credit Suisse headquarters, Greenpeace has delivered the note to the bank and is now awaiting the response of the second largest Swiss bank before the Katowice climate conference in Poland in December. "Economics" Matthias Schlegel, spokesperson for the Swiss branch of Greenpeace.
About 20 members of the organization installed six large white panels in front of the rounded windows on the ground floor of Credit Suisse in Zurich.
They then began to write down the names and countries of the 400,000 signatories of the petition, noting that it took a full day to write the names on the wooden planks.
Katia Nikitenko, finance specialist at Greenpeace, stressed that they should completely revise their business model and steer towards a sustainable and low-carbon economy.
"Extraction of the oil sands leads to increased global warming, even more than conventional oil and causes irreparable damage to the environment," Nikitenko said.
"Banks must convincingly demonstrate to the public how they intend to grant their financial flows, in accordance with the Paris Climate Agreement, and are immediately obliged to finance the activities of coal and tar sands", a- she declared.

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