JOURNAL ARTICLE

First Nation Takes Fight With Oil-Sands Giant to Shareholders.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Tuttle, Robert 3 of 3

Abstract

The Athabasca Chipewyan First Nation, an indigenous community in Alberta's oil-sands region, has submitted a proposal to Imperial Oil Ltd. shareholders. The proposal calls for the company to disclose the financial impact of the energy transition and assess the effects of different transition scenarios on its asset-retirement obligations. This comes after wastewater leaks occurred at Imperial's Kearl oil-sands mine, prompting criticism from local indigenous communities about the company's lack of transparency. The conflict highlights the ongoing tensions between Canada's oil and gas industry and indigenous communities. Imperial opposes the proposal, arguing that it would produce uncertain and hypothetical views of the future. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/04, pN.PAG
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2024
  • Accession Number:176899084
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