Photo tour: Join us to visit what Enefit oil shale mining would destroy first

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Tar sands and oil shale development are crucial accelerants to climate catastrophe and the severe harm brought to so many, but a threat of harm to every living thing on the planet. The chain of destruction starts at the extraction process on precious and beautiful land south of Vernal.

On October 25-27, we will be visiting the land that the state-owned corporation of Estonia plans to destroy for a few hours fuel.

Sign up for our newsletter to get all the updates on the camping trip as details finalize.

See a photo tour of the area after the jump, so click more here –> Continue reading

A Letter to U.S. Oil Sands’ Strategic Partners & Investors: Don’t Invest

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We’re asking for your your direct support and action to STOP TAR SANDS MINING in Utah by sending the letter below to potential investors.

As per U.S. Oils Sands’ press release dated September 16, 2013, there are currently 3 corporate investors who have signed a letter of intent expressing their willingness to support U.S. Oil Sands by cumulatively investing $80 MILLION in order to strip mine 32,000 acres of public land in the PR Springs area of eastern Utah.

Without funding, USOS cannot move forward with its plan of extreme extraction in Utah.  If we (all of us) let the prospective investors know of the risky investment they would be making, and inform them that as this project moves forward, U.S. Oil Sands will likely encounter continued resistance, they may take a second, closer look at the fossil foolishness in which they would be investing.

Will you join Utah’s dedicated activists in sending a letter to the noted investors?

We believe that letters sent throughout the month of October could have a significant impact, and encourage you to add personal thoughts.

You can either send an online version of the letter, or download a copy to mail or fax.

Thank you,
Utah Tar Sands Resistance & allies

(Send the letter online, or download a copy to mail or fax).
Continue reading

Frank Giustra, President Bill Clinton’s Close Colleague, Joins US Oil Sands Board

UPDATE 10/18/2013: “Due to other commitments, Frank Giustra will not be appointed to the Board.” (Perhaps due the risky nature of tar sands investing).

by Steve Horn (reposted from DesmogBlog)

Screen Shot 2013-10-07 at 1.11.43 PMFrank Giustra – key power broker and close colleague of former President Bill Clinton – has taken a seat on the Board of Directors of U.S. Oil Sands, an Alberta-based company aiming to develop tar sands deposits in Utah’s Uintah Basin. **UPDATE: Although he was named a prospective appointee to the Board, Mr. Giustra ultimately declined the position, citing “other commitments.”**

U.S. Oil Sands – in naming several new members to its Board – also announced it has received $80 million in “strategic financing” from Blue Pacific Investments Group Ltd., Anchorage Capital Group, L.L.C. and Spitfire Ventures, LLC.

The funding will help get the ball rolling on “tar sands south,” a miniature but increasingly controversial version of its big brother to the north, the Alberta tar sands. Giustra will likely help in opening the right doors for tar sands industry interests in the United States.

Giusta is best known for his work in the worlds of uranium mining and minerals mining, though he has dabbled in the Alberta tar sands finance world once before, lending upwards of $20 million in capital to Excelsior Energy. He serves as CEO and President of Fiore Financial Corporation.

Founder and Director of the Radcliffe Foundation and Co-Director of the Clinton Giustra Enterprise Partnership (formerly known as the Clinton Giustra Sustainable Growth Initiative), Frank Giustra has maintained close ties with Bill Clinton since 2005.

The Clinton Giustra Sustainable Growth Initiative is an arm of the Bill, Hillary, and Chelsea Clinton Foundation (the Clinton Foundation). Giustra sits on the Clinton Foundation’s Board of Trustees.

Clinton_familyGiustra also sits on the Board of Directors of Petromanas Energy Inc., an oil and gas company with assets including 1.1 million acres in Albania, 170,000 acres in France and 1.6 million acres in Australia.

Clinton and Giustra have been instrumental in forging a major oil deal in Colombia and a major nuclear uranium mining deal in Kazakhstan, among other things.

Opening Doors in Colombia

In a February 2008 article, ”Clinton Used Giustra’s Plane, Opened Doors for Deals,” Bloomberg mapped out the close relationship between Clinton and Giustra that began in 2005. 

“Clinton was borrowing [Giustra’s private jet] to begin a four-day speaking tour of Latin America that would pay him $800,000,” Bloomberg detailed. “Frank Giustra…was forming a friendship that would make him part of the former president’s inner circle and gain him introductions to presidents of Kazakhstan and Colombia.”

Clinton’s effort to connect Giustra to former Colombian President Alvaro Uribe was related to oil developments.

Álvaro_Uribe_Vélez“Pacific Rubiales Energy Corp., spent more than $250 million to purchase control of a company that operated Colombian oil fields in conjunction with Ecopetrol S.A., the national oil company,” explained The Wall Street Journal. “Pacific Rubiales has also signed a pipeline deal with Ecopetrol and been invited by the Colombian national petroleum agency to do further oil-development work in the country.”

Giustra’s Endeavor Financial Corporation provided the money for the Pacific Rubiales buyout, where he served as Chairman from 2001-2007. Giustra’s Fiore Financial Corporation maintains an “exclusive strategic alliance” with Endeavor Financial, which “provide[s] Endeavour with unique deal making and investment capabilities.”

Clinton Giustra Enterprise Partnership lists Pacific Rubiales, the Colombian government and Endeavor Mining (the mining wing of Endeavor Financial Corporation) among its current PartnersThe Wall Street Journal explained that Pacific Rubiales gave over $3 million to the Partnership, and Giustra put over $100 million of his own cash into the pot.

From Kazakhstani Uranium Shell Company to Clinton Foundation Trustee

Giustra’s self-serving philantrophy also took him and Clinton to Kazakhstan in September 2007, as documented in a January 2008 New York Times investigation.

Paralleling their Colombia activities, Clinton played the role of “doorman,” opening doors for Giustra to meet key leaders in the giant Central Asian state.

Kazakhstan-CIA_WFB_Map“Within two days [of the beginning of the trip], corporate records show that Mr. Giustra also came up a winner when his company [UrAsia Energy Ltd.] signed preliminary agreements giving it the right to buy into three uranium projects controlled by Kazakhstan’s state-owned uranium agency, Kazatomprom,” wrote The Times.

“The monster deal stunned the mining industry, turning an unknown shell company into one of the world’s largest uranium producers in a transaction ultimately worth tens of millions of dollars to Mr. Giustra.”

Like in Colombia, the deal was a win-win for Clinton and Giustra.

“Just months after the Kazakh pact was finalized, Mr. Clinton’s charitable foundation received its own windfall: a $31.3 million donation from Mr. Giustra,” The Times further explained.

“The gift, combined with Mr. Giustra’s more recent and public pledge to give the William J. Clinton Foundation an additional $100 million, secured Mr. Giustra a place in Mr. Clinton’s inner circle…Giustra [also] co-produced a gala 60th birthday for Mr. Clinton that featured stars like Jon Bon Jovi and raised about $21 million for the Clinton Foundation.”

Bon_Jovi_O2_Arena_Circle_TourWithin a year and a half, Giustra sold off his stake in the Kazatomprom joint venture for $3.1 billion, which he had originally purchased for $450 million.

Giustra, Clinton Opening Doors for US Tar Sands Development?

With their history of partnering up on business deals worldwide, front-line Utah environmental activists fear the Uintah Basin could be next on the list for Frank Giustra and Bill Clinton.

“There have been efforts to squeeze oil from the tar sands and oil shale along the Colorado Plateau for decades, and ultimately these projects fail due to their experimental, energy intensive, and risky nature,” Jessica Lee, an activist with Peaceful Uprising and Utah Tar Sands Resistance said in an interview with DeSmogBlog.

Giustra’s presence on the Board, Lee believes, may give U.S. tar sands the credibility they currently lack in the eyes of capital investors.

“The real risk here is that investors will view Giustra and the other board members involvement as attractive, and will throw their own money away into a speculative investment,” she said. “Frank Giustra will not stay behind to clean up the mess U.S. Oil Sands leaves, pocketing whatever money he can and leaving Utah with a wasteland.”

Oct. 25-27: Stop Enefit! No Oil Shale Campout

Stop Enefit

We with the Utah Tar Sands Resistance aren’t all about tar sands, you know. Eastern Utah has become a sacrifice zone for the Western United States in terms of destructive, toxic fuel extraction, and we’re standing up to say “No!” to extreme energies in the Uintah Basin–and that includes oil shale.

Enefit, an Estonian government-owned company with some half-baked ideas about mining for oil shale in Eastern Utah (in order to produce Kerogen), is bringing the usual lines about ” minimizing land disturbance,” ” reclamation” of the land,  and their “commitment to environmental stewardship.”

Bullshit.

By their very nature, extractive processes such as Enefit’s are highly destructive, leaving behind a wasteland, and polluting the water and air. Even if we believed Enefit’s lies, the state of Utah requires little to no oversight of oil & gas projects, and has recently allowed US Oil Sands to start tar sands mining without requiring a pollution permit or water monitoring. Why should the Enefit project be any different in a state with a “Mine, Baby, Mine!” mentality?

Oil shale mining in Estonia has left the Baltic country with a population high in respiratory disease, and according to a recent report from KSL News, “There are still vast piles of waste in Estonia, and dozens of square miles remain torn up by strip-mining. There used to be severe air pollution and water quality problems.”

Recently, Shell announced that they were abandoning their own oil shale project in the Western Slopes of Colorado, after wasting over $30 million of dollars in “exploration.” They following Chevron in fleeing the Colorado Plateau because oil shale development is EXPENSIVE, RISKY and UNRELIABLE.

Based on early tests, folks in Estonia are even say that Enefit’s Utah project is “not promising” and are worried that it could cost them $100 million.

We don’t want Utah to become a wasteland. Our air, water, and land are too precious to squander on speculative and experimental mining practices.

Join us as we say “NO!” to oil shale, and get ready to STOP ENEFIT!

(Please email us at utahtarsandsresistance@gmail.com for directions, and join the Facebook event for updates)