If the sale of Suncor’s stakes in three of Newfoundland and Labrador’s offshore oil projects goes through, this province could end up contributing to Israel’s illegal occupation of the Palestinian territories.
This month Suncor announced a “definitive agreement” with UK-headquartered Ithaca Energy to sell its 48 per cent interest in the Terra Nova project, its 40 per cent interest in the White Rose project, and its 38.6 per cent interest in the West White Rose project, for CAD $1.2 billion and up to an additional $350 million contingent on oil prices. Under the agreement, Ithaca would also take over Terra Nova’s operations.
Ithaca Energy is majority-owned by the Delek Group, an Israeli oil and gas company and a major supplier of natural gas to Israel. The corporation is named in a United Nations database for its involvement in “activities that raised particular human rights concerns” in the occupied Palestinian territories. In Delek’s case, it is accused of providing “services and utilities supporting the maintenance and existence of settlements, including transport,” and of using “natural resources, in particular water and land, for business purposes.”
Originally published by Ricochet.
