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a who’s who of eco groups has joined forces to stop construction of a controversial 500-kilometre pipeline slated to cut through Ecuador’s Mindo Nambillo Protective Forest and Guayllabamba High Basin Protective Forest. An existing adjacent pipeline has been beset by more than a dozen spills.
Oxfam, Friends of the Earth, Greenpeace Canada and the Rainforest Action Network are among signatories to a letter of protest sent last week to J.P. Morgan Chase, Citigroup and Deutsche Bank, the three banks helping to finance the $1.1-billion project.
Calgary-based Alberta Energy owns a majority stake in the project.
Alan Boras, speaking for Alberta Energy, claims the project will bring important economic benefits to the region, creating some 50,000 indirect jobs.
Ecuador’s embassy in Ottawa did not respond to a request for comment.
