You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #10: Cairn's Greenland oil failure under fire [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 06:41 AM
Response to Reply #9
10. Cairn's Greenland oil failure under fire
http://www.guardian.co.uk/business/2011/sep/28/cairn-un...

The British oil company leading a controversial drive to discover new oil and gas reserves in the pristine waters off Greenland has come under fire from environmentalists and again disappointed investors after failing to find anything with its sixth well.

Shares in Cairn Energy lost 6.5%, closing at 276p, after it told the London stock exchange that its Delta-1 hole in the West Disko area had been abandoned "without encountering hydrocarbon shows". Six months ago the shares were changing hands at 462p.

Greenpeace also claimed the Edinburgh-based company had irresponsibly pumped more "red-listed" hazardous chemicals into the ocean than the entire oil operations of Norway and Denmark combined.

The campaigners claim more than 225 tonnes of toxic materials described by the Ospar convention as giving "reason for suspicion because of several polluting effects on the environment" had been leaked into the Greenlandic Sea this year by Cairn.
Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC