The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Miners call for World Heritage Sites to be left untouched by all

Mon, 05th Sep 2016 16:15

* Royal Dutch Shell first among oil majors to halt activity

* South Africa, Australia have protection in domestic law

* Virunga in Democratic Republic of Congo among sites atrisk

By Barbara Lewis

LONDON, Sept 5 (Reuters) - The world's biggest miningcompanies called on Monday for action to stop any firms,including the oil and gas industry, extracting resources fromnatural sites protected by the United Nations.

In 2003, the International Council on Mining and Metals(ICMM), which groups 23 firms including BHP Billiton , Rio , Anglo American andGlencore, agreed to halt mining in World Heritage Sitesas part of a remit to make mining more sustainable.

"Yet 13 years later, other companies and industries arestill operating in these precious sites," ICMM CEO Tom Butlertold the Congress of the International Union for theConservation of Nature (IUCN) in Hawaii.

"The ecosystems that underpin our economies, well-being andsurvival are collapsing," he wrote in a blog. "The message isclear: we need urgent and collaborative action."

Royal Dutch Shell was the only oil and gas firm tojoin the ICMM in 2003 in making heritage sites "a no go area"and on Monday it reaffirmed its pledge. French oil firm Total and Tullow Oil have also made a commitment.

But other big oil companies have not followed suit and theICMM, whose members are responsible for about a third of globalmetal production, have also failed to recruit the rest of theirindustry to pledge to respect U.N. protected sites.

UNESCO (the United Nations Educational, Scientific andCultural Organization) said 59 out of 203 protected sites hadbeen formally reported to the World Heritage Committee as facinga threat from extractive industries.

Apart from government bans, UNESCO said private sectoraction could be effective. For instance, funding bodies couldwithhold cash for development in sensitive areas.

Among governments, Australia and South Africa out of the 192countries that ratified the World Heritage convention haveenshrined this protection in domestic legislation.

The International Association of Oil and Gas Producers,which collectively produce more than a third of the world's oiland gas, said in a statement, "our members' operations arecarried out complying with the relevant legislation".

It said new technology could minimise the drillingfootprint, for instance by horizontal drilling.

One threatened area is Virunga National Park, a UNESCO WorldHeritage Site in Democratic Republic of Congo, which is ahabitat of exceptional biodiversity and home to endangeredgorillas, elephants and other species.

British oil company Soco International said inNovember it no longer held the exploration licence for a block,of which about half lies within Virunga, after ceasingoperations following human rights protests and a campaign byconservation group WWF.

Conservationists say Virunga is still vulnerable. Apart fromoil exploration rights, its mineral wealth includes gold,diamonds, tantalum, used in mobile phones, and tin, WWF said. (additional reporting by Susan Taylor in Toronto; editing byDavid Clarke)

More News
3 Dec 2021 09:44

LONDON BROKER RATINGS: Jefferies ups SSE, AJ Bell; Deutsche likes BP

LONDON BROKER RATINGS: Jefferies ups SSE, AJ Bell; Deutsche likes BP

Read more
3 Dec 2021 08:43

LONDON MARKET OPEN: Stocks rebound on oil and travel; US jobs ahead

LONDON MARKET OPEN: Stocks rebound on oil and travel; US jobs ahead

Read more
2 Dec 2021 18:54

UPDATE 2-Shell scraps plans to develop Cambo North Sea oilfield

(Adds detail)By Ron Bousso and Shadia NasrallaLONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists seeking to ...

Read more
2 Dec 2021 18:54

UPDATE 1-Shell scraps plans to develop Cambo North Sea oilfield

(Adds Siccar Point statement, background)LONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo North Sea oilfield, which became a lightning rod for climate activists seeking to halt Britain's devel...

Read more
2 Dec 2021 18:54

UPDATE 3-Shell scraps plans to develop Cambo North Sea oilfield

(Adds investor comment)By Ron Bousso and Shadia NasrallaLONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists s...

Read more
2 Dec 2021 18:02

Shell and partner scrap plans to develop North Sea oilfield

LONDON, Dec 2 (Reuters) - Royal Dutch Shell and Siccar Point have decided not to go ahead with the development of the Cambo oilfield in the British North Sea due to a weak economic case, Shell said on Thursday."After comprehensive screening of the...

Read more
2 Dec 2021 17:05

LONDON MARKET CLOSE: Stocks fall as Omicron variant fears mount

LONDON MARKET CLOSE: Stocks fall as Omicron variant fears mount

Read more
2 Dec 2021 12:03

LONDON MARKET MIDDAY: Europe hit by Omicron but Wall Street to rebound

LONDON MARKET MIDDAY: Europe hit by Omicron but Wall Street to rebound

Read more
2 Dec 2021 10:08

UPDATE 2-European stocks fall as Omicron worries rattle investors

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* STOXX 600 gives back a chunk of Wednesdays gains* Apple suppliers hit by report on slowing demand* Vifor Pharma surges on takeover speculat...

Read more
2 Dec 2021 08:31

SSE and Equinor to proceed with $4 bln Dogger Bank C offshore wind farm

OSLO, Dec 2 (Reuters) - British utility SSE and Norwegian energy company Equinor have secured financing to proceed with the construction of the 3 billion pound ($3.98 billion) Dogger Bank C offshore wind farm in Britain, the companies said on Thu...

Read more
2 Dec 2021 07:03

Shell launches $1.5bn buyback from Permian sale

(Sharecast News) - Royal Dutch Shell has launched a $1.5bn share buyback as the first stage of returning cash to shareholders from the sale of its Permian business in the US.

Read more
1 Dec 2021 12:10

German oil lobby seeks net zero CO2 emissions by 2045

FRANKFURT, Dec 1 (Reuters) - Germany's oil industry will aim for net zero carbon emissions by 2045, moving away from fossil fuel to low carbon products such as biofuels and renewable energy-derived hydrogen, the industry's lobby group en2x said on...

Read more
1 Dec 2021 12:10

LONDON MARKET MIDDAY: IAG and Whitbread lead Omicron rebound

LONDON MARKET MIDDAY: IAG and Whitbread lead Omicron rebound

Read more
1 Dec 2021 08:54

LONDON MARKET OPEN: Omicron fears ease again but uncertainty lingers

LONDON MARKET OPEN: Omicron fears ease again but uncertainty lingers

Read more
30 Nov 2021 17:33

UPDATE 3-U.S. security review stalls sale of Shell Texas refinery to Mexico's Pemex

(Updates with comment from congressman critical of sale)By Erwin SebaHOUSTON, Nov 30 (Reuters) - A U.S. national security review has delayed the sale of Royal Dutch Shell's controlling interest in a Texas refinery to Mexico's national oil company, ...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.