Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Repsol angers Canary Islanders in quest for oil

Source: El Pais - Sat 16th Nov 2013
Repsol angers Canary Islanders in quest for oil

A date has now been set for the oil prospecting that Repsol is planning in waters off the Canary Islands: May 2014. That is, of course, if the government grants all the necessary environmental permits.

So said company chairman Antonio Brufau this week, triggering a new episode in the war against the project that is being waged by island authorities.

The head of Repsol flew to Gran Canaria to remind residents of the potential lying under their waters, and to ask them to let Repsol set up operating bases in their ports.

"We have asked the Cabildos [island councils] for support getting the work started.

Fuerteventura or Lanzarote would be ideal because they are the islands closest to the project," he said.

But it is unlikely that the ports of Rosario (Fuerteventura) or Arrecife (Lanzarote) are going to welcome a project that island authorities have been fighting vocally. They feel that in case of an accident, the environmental impact would be disastrous for territories with a high ecological value and great potential for eco-tourism.

"If anybody says no, they're sure to regret it in the future," warned Brufau, adding that if he gets no answer in 15 to 20 days, he will seek other options, such as the port of Las Palmas de Gran Canaria, "which has better, more economical services." In fact, he might just take his business to Morocco, he suggested. "We are not contemplating it for now, but this is a global world."

After that, Brufau talked money: the company is willing to invest over €9 Bln for as long as the prospecting lasts, if oil is found. Over half of that money would represent wealth for the territory where the base of operations is headquartered.

Canary Island premier Paulino Rivero, on a visit to Brussels to discuss this very issue with Environment Commissioner Karl Falkenberg, replied curtly: "We Canary islanders do not sell ourselves for a plate of lentil soup." He also recommended that Brufau "forget about buying people off."

Yet Brufau knows that he is dealing with a region with 33% unemployment, and he could not resist rubbing salt in the wound. "Is there such an excess of jobs in Fuerteventura and Lanzarote?" he inquired.

Rivero said that the core of the matter is the growth model that residents of the Canaries want for themselves, and also the fact that 70% of the water consumed on the islands comes from desalination, meaning that the risk of an oil spill is too great a consideration, the news agency Efe reports.

A year ago, the head of Repsol held a meeting with Paulino Rivero that was described as "cordial, friendly and heartwarming." But the statements that both men aimed at each other on Wednesday seemed anything but that.

And Rivero is not the only one lobbing accusations at Repsol. The head of the Fuerteventura council, Mario Cabrera, recently called Brufau and his workers "petroleum pirates."

Recommended Reading

Spain Court Clears Captain and Crew in Prestige Oil Spill

Spain Solar Taxes : Removing Green Incentives

Spain to Subsidise Unprofitable Coal Mines Until 2018

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs