Estonian journalist speaks at Enefit / Eesti Energia oil shale test mine in Utah

In January 2014, Estonian journalist Andres Raid of Talinna TV travelled to Utah to investigate his nation’s energy company’s Utah project. What he found was barely a sham test pit and nothing more going on, a scandal of great proportions for his Estonian people.

Estonian’s utility prices have soared under Eesti Energia’s current leadership, debt has gone from €300m in 2011 to €600m today, a balance that credit agencies have noticed. Criticizing Enefit/Eesti Energia’s foolish investments overseas and the expansive debt growth, credit agencies have lower Enefit’s credit rating.

Moreever, Enefit’s test plant in Estonia of turning oil shale into liquid fuel has been a complete waste of time effort and money. So-called Enefit 280–the technology the company claims it will use in Utah, Jordan and elsewhere–isn’t working. A huge plant in Estonia is built but not operational.

Since Raid’s reporting these last two months, sources inside Enefit have told journalists that the Utah oil shale project is on hold indefinitely. But then a Utahn employed by Enefit as a PR flack says that is untrue.

So what is the truth, Enefit? Why don’t you start giving people some answers about Enefit 280, about your soaring debt, about your complete lack of experience turning oil shale into liquid fuel, about the completely disappointing German test results regarding Utah oil shale. Tell us the truth, Enefit–Utahns and Estonians both deserve to hear it.

(You can watch Andres Raid’s story about Enefit’s Utah oil shale project here).

Enefit’s Investment Rating Downgraded “due to challenges associated with development of oil shale activities”

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Utah’s hopeful oil shale miner, Enefit, (aka Estonian Energy) suffers a painful credit rating decrease.

“Moody’s said that the rating action reflects the development of Eesti Energia’s business risk profile in light of the increasing integration of the Baltic and Nordic power markets, coupled with generally weak levels of wholesale power prices and CHALLENGES ASSOCIATED WITH THE DEVELOPMENT OF OIL SHALE ACTIVITIES.”

It looks increasingly unlikely that Enefit is able of borrowing what it would need to start oil shale production in the US. Utahns should take note that Rikki Hrencko and the Enefit crew are taking us for a ride–a very costly ride.

We’d like to think Moody’s knew UTSR was in Uintah Basin this week causing trouble and knew we’d leave Enefit in money shambles. Grassroots resistance is one of Enefit’s “challenges associated with the development of oil shale activities.”

Read the full article in The Baltic Course.

Join us this Saturday, January 25th, at 6PM for a discussion on Enefit.
Enefit: Estonian Oil Shale in Eastern Utah?
at the Mexican Federation of Clubs (344 South Goshen Street (1040 West), SLC, UT)

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

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)