[All] Enviro-News

[Louisette Lanteigne]

Hi folks

Lots of interesting Enviro news happening. Here's a quick overview.

Lulu

re: Oil

PEAK OIL: Oil Prices moving to Red Alert
Despite the European crisis, near-recession in the US, recession in Japan and falling growth in China and India IEA's estimate shows how oil prices levered up through 2011. The IEA presents what it calls unfavourable scenarios able to bring $200 a barrel oil by as early as 2015-2017 - without any special geopolitical tensions or pressure.
http://www.forexpros.com/analysis/oil-prices:-moving-to-red-alert-110346

Chevron looses appeal and must pay $18 Billion for clean up in the Amazon: Largest fine in history for environmental infringements...so far. 
http://www.digitaljournal.com/article/317330

US oil sands project folds after they observed problems facing Alberta’s oil producers re: regulatory approval delays, intense competition for services, supplies and staffing affecting costs.

http://business.financialpost.com/2012/01/04/connacher-ceo-cfo-depart-company-suspends-oil-sands-project/

Stop the Tar Sands UW : This brand new club just opened up! 
Follow them on facebook at http://www.facebook.com/groups/180829612000248/
Follow them on Twitter at: @StopTarSandsUW
To join their mailing list email  Paisley Cozzarin <paisleycozzarin at gmail.com>

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re: Canada's rejection of Kyoto & Litigation

Canada is in violation of law with rejection of Kyoto
http://www.greenpeace.org/international/en/news/Blogs/makingwaves/canada-climate-criminal/blog/38567/


Former MP Daniel Turp plans legal challenge against Conservative government
http://www.cbc.ca/news/politics/story/2012/01/04/daniel-turp-legal-action-conservatives-kyoto-protocol.html
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re: Climate Change and Harp Seal Populations
Harp Seals dying due to Climate Change: Thinning ice,declining 6% each year is dramatically killing off Canada's Harp Seal pups. Expert David Johnson from Duke University states entire year classes may be dying off: years when every pup dies. Lack of Sea Ice means unusually short 12-day nursing periods from Harp Seal mothers in order to adapt to the spring melt.

http://www.cbc.ca/news/technology/story/2012/01/04/sci-harp-seals.html

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re: Canada's lack of Environmental Enforcement: 

Environment Canada took over 20 yrs to collect $2.4M in fines regarding CEPA violations. Meanwhile Toronto Public Library got $2.6M in fines for overdue books in 2009...That's pitiful.

http://www.ecojustice.ca/media-centre/press-releases/federal-government-failing-to-enforce-canada2019s-environmental-laws-report

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Was Baupost’s Mega-Quarry Investment A Mega-Mistake?

The most likely scenario is that community opposition combined with the record magnitude of the project will prompt the environmental audit Highland is trying to avoid.  Even if the findings are benign, the exercise alone would delay approval, dashing hopes for a near-term project start.  In the (more likely) event that environmental impacts are found, it will spell more bad news for Highland.  If the stakes are too high, the project may be rejected, leaving Baupost and other large investors to suffer a loss.  Even if the project moves forward, any environmental citations will be costly, reducing net profits and limiting Baupost’s overall return.

Read more: http://www.valuewalk.com/2012/01/21634/#ixzz1icP6XmcM

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re: Lake Erie

Stop fall/winter applications of fertilizer & manure, Don't add phosphorus above the level of agri. need, prohibit fertilizer 48 hours of rain were some of the suggestions voiced at a forum on the health of Lake Erie. Great tips like this should be enshrined in law.  Read more here: 


http://www.toledoblade.com/local/2011/12/09/Lake-Erie-algae-woes-heard.html


2011: Lake Erie suffers worst Algae Blooms in History. “People could set beer cans on the algae. It is that thick.” 
http://www.outdoorlife.com/blogs/newshound/2011/12/lake-erie-suffers-worst-algae-blooms-history

That's all for now folks.

Lulu :0)
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