Gecco's Blog

A new report from WWF UK and The Co-operative reflects on the proposed budget of £254 billion that oil companies are proposing to spend on extracting oil from the Canadian tar sands. Whilst many fear the ecological impact of releasing the oil in this area of our endangered planet, WWF also look at it from a financial angle.

Colin Butfield, Head of Campaigns at WWF UK, warns that the plans could single handedly destroy any hope of keeping CO2 emissions at an acceptable level and goes further to remark that the vast sums of money, could be used to help fund so many renewable energy projects, including the Desertec Industrial Initiative – a plan to link Europe to vast solar plants in Northern Africa providing 15% of Europe’s electricity by 2050.

For more information and how to join the campaign against Tar Sands oil, check out the report on the WWF website

This entry was posted on Tuesday, March 16th, 2010 at 12:32 pm and is filed under Green Campaigns. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.