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Gold/Mining/Energy : TLM.TSE Talisman Energy -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (512)	10/26/1999 9:19:00 AM
From: Tomas	Respond to of 1713

Buckee said it is hypocritical of Albright to single out Talisman for criticism while ignoring the U.S. trade with human-rights violators around the world Ottawa concerned about firm's role in Sudan Calgary Herald, Tuesday, October 26 DENNIS BUECKERT OTTAWA (CP) - The Foreign Affairs Department has summoned executives of Talisman Energy to discuss growing unhappiness over the company's activities in war-torn Sudan. "The government of Canada is concerned about Talisman's presence in Sudan," spokesman Michael O'Shaughnessy said in an interview Monday. O'Shaughnessy said the government has "taken serious note" of the argument that oil exploration may be contributing to the conflict in Africa's largest country. He said government officials want Talisman to use its influence with the Sudanese government to play a peacemaking role. "We have encouraged them to engage in initiatives that would foster a climate conducive to reconciliation." Foreign Affairs Minister Lloyd Axworthy is to deliver a policy statement on Sudan as early as Tuesday, following angry comments over the weekend by U.S. Secretary of State Madeleine Albright. The United States has condemned the government of Sudan, accusing it of trying to impose an Islamic government on the south of the country where Christianity and tribal religions dominate. Albright said Saturday some countries have the mistaken view that foreign investment in nations under dictatorship will improve the lot of ordinary people, but the revenues often wind up in rulers' pockets. Calgary-based Talisman holds a 25 per cent stake in a Sudanese consortium which has built a 1,600-kilometre pipeline to permit the exploitation of rich oil reserves in the southern part of the country. Talisman is Canada's largest independent oil and gas producer. Its Sudanese operations have been widely criticized by church groups. The Sudan conflict has claimed the lives of an estimated 1.9 million people during the last 16 years, most of them southerners who died of a war-induced famine. The United States lists Sudan as one of seven countries that sponsor terrorism, and imposed a trade embargo on the country two years ago. The Sudanese government, which gets 60 per cent of the oil revenues, has said it will use them for the benefit of the southern population. Jim Buckee, chief executive at Talisman, has defended his company's role, saying it employs many Sudanese and has helped build roads, wells and a hospital. He said it is hypocritical of Albright to single out Talisman for criticism while ignoring the U.S. trade with human-rights violators around the world. He said Albright must also know that U.S. companies trade with and invest in Sudan. southam.com