Greenpeace Sues UK for End to Shetland Oil Drilling

Source: The Telegraph, Rowena Mason (11/15/10)

"Over 20 deepwater drilling licenses have been issued this autumn."

The campaign group said it had filed a claim at the Royal Courts of Justice seeking a ban on new activity until the causes of the Deepwater Horizon accident are fully understood.

More than 20 licenses have been issued for new deepwater drilling this autumn.

Greenpeace's lawyers will argue the drill sites are too close to environmentally sensitive areas that are home to protected species. They will also claim the government has failed to review environmental regulations since the Gulf of Mexico accident.

The government said it had been notified by Greenpeace about the potential action, but had not been served papers.

John Sauven, Greenpeace executive director, said: "The Government is handing out oil drilling licenses left, right and center as if the Deepwater Horizon disaster never happened. And they've got to stop. The oil industry is drilling in riskier and more dangerous places in UK waters, where a spill could be a disaster for wildlife."

Chris Huhne, Britain's energy secretary, has argued that "it's clear that our safety and environmental regulatory regime is fit for purpose".

The UK doubled inspections after the Deepwater Horizon accident and the North Sea oil industry set up a group to look at their own practices. Individual companies have also been reviewing their processes, while insisting that Britain has the world's safest regime.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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