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Gold/Mining/Energy : Oil Sands and Related Stocks
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To: kidl who wrote (20142)4/4/2008 11:11:08 AM
From: stan_hughes  Read Replies (2) of 25575
 
Maybe, but in their unbridled enthusiasm for a project, in my experience lots of oil people have been known to pooh-pooh environmental requirements until being forced to address them. Unfortunately a lot of these guys still think environmental regulations are silly and an impediment to development, so they don't give such things any priority -- just look at the track record of a Robert Friedland for example for evidence of that

I can especially see this type of environmental blindspot occurring when a group at some company is working on an experimental or pilot project (like SAGD, for example), where the focus is more on proving whether the thing works at all, and a lot less on what it might take to make it environmentally friendly -- so they leave that part until later, and then a whole bunch of unforeseen delays spring out from behind the bushes and ambush the stock price

The entire question however should be easily answered by anyone close enough to the company to know what they have/have not already done, or by now asking the company itself. In fact I half-expected that somebody on this thread already knew the answer or could quickly find out. I'm not close enough to PBG to know who to ask without spending hours and hours trying to find the right person to talk to

PS -- And my name isn't Hugh <g>
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