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Lifting the 'Resource Curse'
IPS, 18 May 2009 - Four new countries have joined the Extractive Industries Transparency Initiative (EITI), a global effort to set concrete standards for the transparent management of revenues from the oil, gas and mining sectors.
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Promise and threat in oil sands bounty
The International Herald Tribune via LN Publisher, 18 May 2009 - Canada has the second-largest petroleum deposits after Saudi Arabia and the biggest in the Western Hemisphere. Its oil sands produce 1.3 million barrels of oil a day, up from 600,000 a day in 2000. As a result, Canada has become the biggest foreign oil supplier to the United States, accounting for 19 percent of imports in 2008. But the development of these sands in the Alberta region has also been sharply criticized by ecological groups, local communities, and even Catholic bishops, for their impact on the environment and their intensive use of both water and natural gas.
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