Financial Times FT.com

Co-op to fund oil sands fight

By Ed Crooks in London

Published: February 25 2009 22:40 | Last updated: February 25 2009 22:40

The Co-op banking and investment group is paying £50,000 ($71,000) to fund a legal action in Canada that could block the development of the country’s oil sands by companies such as Royal Dutch Shell and BP.

The money will be used to fund evidence-gathering for the case being brought by the Beaver Lake Cree nation, an aboriginal community in Alberta, the province where the oil sands industry is based.

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