By Anxela Iglesias Press
A new step towards becoming an international oligopoly: with the acquisition of Talisman Energy, Repsol would increase its oil production by 75%, becoming one of the 15 largest oil companies internationally. Repsol persists in growing as a company and in the extraction of fossil fuels instead of finding an alternative to them and recycling as a company. It persists in diversifying its activity and its field of action at the expense of super-polluting oils and at the expense of social opposition: oil exploration, tar sands, fracking. Anything goes in their forward flight.
Talisman Energy's activity is concentrated in Canada and the United States, but its most serious impacts occurred in Peru, Sudan and the Indian Ocean, where it operates in Australia, Indonesia, Malaysia, Vietnam, East Timor (especially gas, offshore, owning plants of liquefaction and a gas corridor between these islands) and Papua New Guinea (where it operates jointly with Mithubisi in nine blocks that cover almost the entire south-west of the country, the jungle area and indigenous peoples, where the effects are equivalent to the activity in the Amazonia of many oil companies).
Talisman faces accusations of human rights violations in places like Sudan (with a war that has control of oil as a background) or in Peru (in the area inhabited by the Achuar people). In both cases he resigned his activity under pressure from social movements.
With the acquisition of the Canadian Talisman Energy, Repsol deepens its commitment to fracking, which in the Spanish State promotes in Cantabria, and which until the nationalization of YPF in Argentina was its biggest bet in that country. Repsol will now be operating fields in the United States at the Marcelus (Northeast) and Eagle Ford (Texas) fields. For this activity, Talisman Energy has been fined for more than 50 health and safety violations.
The news is related to the Repsol Petronor subsidiary, because it has already been announced as the recipient of fracking oils from the United States for refining and marketing in Europe.
Repsol thus operates with its back to the demands of the world, which at last week's COP20 meeting in Lima demanded measures against climate change. The UN Intergovernmental Panel for Climate Change (IPCC) in its latest report raised the need to progressively renounce fossil fuels to reduce greenhouse gas emissions by between 40% and 70% by 2050 and thus prevent the increase in global temperature to 2ºC.
Therefore, the acquisition of Talisman Energy by Repsol is bad news for the environment and for communities around the world, to overcome oil dependence and climate change.
Confederation of Ecologists in Action